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AL24 News
Morocco linked to gold smuggling from drug money
An international investigation conducted by the European Union Agency for Criminal Justice Cooperation "EUROJUST" has revealed that Morocco is among the countries used to convert laundered drug proceeds into gold, in order to hide and smuggle them across borders. The operation, which lasted ten months, showed that at least 18 million euros of drug trafficking proceeds were transformed into bars and sheets of gold before being transported to Morocco. The investigation also indicated that the criminal network possessed assets valued at over 30 million euros, including bank accounts, real estate, and luxury cars. Additionally, more than 50 kilograms of gold were found hidden in a French car as part of smuggling activities. This case forms part of a larger money laundering scheme, utilizing various financial and commercial operations to conceal the criminal origins of the proceeds, with Morocco emerging as a destination for the gold linked to these activities.
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