Bank Al Maghrib has warned about a fraudulent investment platform misusing its identity. The bank stated that false claims are made in the media content, and it will take action to protect its rights. BAM has previously addressed similar fraudulent schemes and partnered with security agencies to enhance digital safety.
Bank Al Maghrib (BAM), the central bank of Morocco, has recently issued a warning regarding fraudulent media falsely promoting a non-existent investment platform associated with the bank. This deceptive content misappropriates BAM’s identity and utilizes the image of its governor, potentially employing artificial intelligence for its misleading claims. BAM has declared that these assertions about financial profits from the platform are entirely unfounded and assures the public that it will pursue all necessary actions to defend its reputation and rights.
In the past, BAM has taken similar initiatives to combat fraudulent schemes, including a statement in 2021 denying any connection to messages inviting citizens to claim prizes. Furthermore, the bank has cautioned all financial institutions regarding the risks of electronic money fraud. To enhance security against such threats, BAM has established a protocol agreement with Morocco’s General Directorate of National Security (DGSN), facilitating access to advanced digital services linked to the national identity card system.
This collaboration aims to protect BAM’s administrative infrastructure while ensuring the secure transport of funds throughout Morocco. The central bank remains vigilant against continuing threats of fraud and emphasizes its commitment to safeguarding its operations and the public’s trust.
In summary, Bank Al Maghrib has proactively addressed the issue of fraud related to a fictitious investment platform by issuing a strong warning. The bank continues to enhance its measures against financial deception and collaborates with national security agencies to bolster its defenses. This vigilance is essential to maintaining the institution’s integrity and the safety of the Moroccan financial landscape.
Original Source: www.moroccoworldnews.com
