Bank Al Maghrib (BAM) has warned about a deceptive investment platform exploiting its identity. The bank declared the claims made by this fraudulent media to be completely false while vowing to take legal action to protect itself. BAM’s proactive approach against such scams highlights its commitment to safeguarding the public and the integrity of the financial system.
In a recent announcement, Bank Al Maghrib (BAM), Morocco’s central bank, cautioned the public regarding a misleading investment platform that misappropriates its identity and the likeness of its governor. BAM noted that this fraudulent media was likely generated using artificial intelligence tools. The bank condemned the false claims about financial gains associated with this investment scheme, asserting that the assertions presented in the media are completely unfounded.
BAM pledged to undertake all necessary measures to safeguard its reputation and rights against these deceptive practices. The central bank has previously issued similar warnings, notably in 2021 when it denied responsibility for a fraudulent message encouraging citizens to visit bank branches to claim a prize.
Further highlighting its proactive stance against electronic fraud, BAM advised financial institutions to enhance their protective measures against such schemes. Additionally, it has collaborated with the General Directorate of National Security (DGSN) to bolster security protocols and optimize operational effectiveness. This partnership aims to integrate advanced digital services with Morocco’s electronic national identity card system, thereby improving overall security and facilitating the safe transport of funds in the country.
Bank Al Maghrib has taken definitive action against fraudulent practices linked to false investment schemes by issuing a formal warning to the public. The bank’s commitment to protecting its identity and rights, coupled with its proactive measures against electronic fraud, underscores its dedication to maintaining public trust and operational integrity in the financial sector. The collaborative efforts with national security agencies further enhance the bank’s capabilities to combat these threats effectively.
Original Source: www.moroccoworldnews.com
