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Morocco's Tax Program Nets MAD 6 Billion in Treasury Funds

Morocco's voluntary asset disclosure initiative has generated MAD 6 billion for the public treasury from declared assets totaling MAD 127 billion, according to government spokesperson Mustapha Baitas during a Thursday press conference. The program has successfully strengthened relationships between......

Morocco's CNSS Extends Weekend Hours as Social Security Payment Deadline Looms

The National Social Security Fund (CNSS) of Morocco has announced an exceptional measure to open all its branches nationwide during the weekend of January 11-12, as the deadline approaches for its debt recovery initiative. This unprecedented move comes as the January 15 deadline nears for affiliates......

TD Bank to Pay $3 Billion in Landmark Money Laundering Settlement with U.S. Authorities

TD Bank has agreed to a historic settlement of approximately $3 billion with U.S. authorities following revelations of severe lapses in its anti-money laundering practices. Announced on Thursday, the settlement marks the largest of its kind in U.S. history, with the Canada-based financial institution......

Brazil Restores Access to X After Compliance with Court Mandates

Brazilians are set to regain access to the social media platform X, following a decision by the Supreme Court to lift a ban that had been in place for nearly six weeks. The ban was initially imposed due to Elon Musk's failure to comply with Brazilian regulations, including the appointment of a local......

Morocco's Waste Import Controversy: Ministry Defends 2.5 Million Ton Deal Amid Growing Public Concern

The debate over Morocco's decision to import 2.5 million tons of European waste has intensified, with the Ministry of Energy Transition and Sustainable Development vigorously defending its controversial stance. The importation, which includes old tires and household waste, has sparked significant......

Italian Authorities Penalize Air Arabia Maroc for Breaching Passenger Data Protocols

In a decisive enforcement of European Union regulations, the Italian Border Police have imposed fines totaling €85,000 on Air Arabia Maroc. The low-cost Moroccan airline faced penalties for failing to comply with EU mandates on passenger data submission at Cuneo-Levaldigi Airport. According to......

Adidas Investigates Bribery Allegations in China: A Deep Dive into Compliance Breaches

Adidas has launched an intensive investigation into its Chinese operations following the receipt of an anonymous letter alleging significant compliance violations, according to a report by the Financial Times on Sunday. On June 7, the German sportswear company received a detailed whistleblower complaint......

Cryptocurrencies and Tax Obligations in 2024: What You Need to Know to Properly Declare Your Gains

Bitcoin reached new highs in March 2024, surpassing $72,000. While this performance is excellent news for cryptocurrency investors, it also raises questions about the tax obligations associated with these digital assets. With the recent evolution of legislation governing the management of crypto-assets,......

Navigating the iGaming Landscape: Strategies for Conquering a Billion-Dollar Industry

The iGaming industry is undergoing a seismic shift, driven by technological breakthroughs, evolving consumer preferences, and the global embrace of online entertainment. As this multi-billion-dollar juggernaut continues its meteoric rise, companies worldwide are vying for a piece of the action, navigating......