Bank Al Maghrib has warned the public about a fraudulent investment platform using its name, emphasizing that the claims made are false. The bank is taking action to protect its identity and rights, continuing a trend of issuing warnings against such scams. In partnership with the DGSN, BAM aims to enhance security measures to combat financial fraud in Morocco.
Bank Al Maghrib (BAM), Morocco’s central bank, has issued a public warning regarding a fraudulent investment platform falsely associated with its name. The bank emphasized that this deceptive media content misuses its identity and the image of its governor, likely employing artificial intelligence technologies to create the false narrative. BAM specifically noted that the claims made by this fraudulent content are entirely inaccurate, offering misleading promises of financial returns.
In light of the recent fraudulent activity, BAM has committed to taking all necessary steps to protect its reputation and rights. The central bank has a history of issuing similar warnings, such as one in 2021, where it denied any affiliation with a message encouraging citizens to visit branches for a fictitious prize. Furthermore, in previous years, BAM has issued alerts to other banks regarding the risks associated with electronic money fraud.
To combat these issues, Bank Al Maghrib has entered into a protocol agreement with Morocco’s General Directorate of National Security (DGSN). This collaboration aims to enhance security measures and improve operational efficiency. The accord will allow BAM to leverage advanced digital services linked to Morocco’s electronic national identity card, which serves multiple objectives, including safeguarding the bank’s facilities and ensuring secure fund transportation throughout the country.
In conclusion, Bank Al Maghrib has proactively addressed the rising issue of fraudulent investment platforms by issuing a timely warning to the public. This highlights the bank’s commitment to preserving its integrity and protecting its citizens from deceptive practices. As part of its broader strategy, BAM continues to strengthen security collaborations and inform the public about potential scams, demonstrating a vigilant approach to financial safety.
Original Source: www.moroccoworldnews.com
