ACAPS supports the insurance sector in strengthening its anti-money laundering and combating the financing of terrorism (AML/CFT) framework

The Supervisory Authority of Insurance and Social Welfare (ACAPS) brought together key players in the insurance sector on February 3rd, 2026, in Rabat, to discuss the topic of “AML/CFT measures in the insurance sector: current situation and challenges for effectiveness.”

Held as part of ACAPS's awareness-raising efforts in the fight against money laundering and terrorist financing (AML/CFT), the meeting aimed to strengthen dialogue with the sector on issues related to the effectiveness of AML/CFT measures.

The meeting brought together the Moroccan Insurance Federation (FMA), the National Federation of Insurance Agents and Brokers in Morocco (FNACAM), as well as insurance and reinsurance companies and was marked by the active contribution of the National Financial Intelligence Authority (ANRF), the National Commission responsible for the application of sanctions provided for by United Nations Security Council Resolutions on terrorism and the proliferation of weapons and their financing (CNASNU), and the Moroccan Office for Industrial and Commercial Property (OMPIC), in the presence of several other national actors involved in the fight against money laundering and terrorist financing.

Organized in a context marked by the continuous strengthening of the national AML/CFT system, this meeting provided an opportunity to review the main developments that have taken place in recent years. The joint efforts of the national authorities and all the sectors concerned have enabled the Kingdom of Morocco to meet the commitments made in the context of the Financial Action Task Force's enhanced monitoring, resulting in its removal from the gray list in February 2023.

In this context, it should be noted that ACAPS has continued to contribute, alongside other relevant authorities and institutions, to the work carried out at the national level in the fight against financial crime.

With a view to consolidating these achievements and preparing for upcoming international deadlines, discussions also focused on the prospects for Morocco's next mutual evaluation, scheduled for 2026 by the Middle East and North Africa Financial Action Task Force (MENAFATF), in accordance with the international calendar. This deadline will focus on the sustainability of the reforms undertaken and the effectiveness of the national AML/CFT system, including in the insurance sector.

In this regard, the meeting highlighted several levers for strengthening the effectiveness of AML/CFT measures in the insurance sector, in a context marked by preparations for upcoming international deadlines and the updating of the national risk assessment.

Discussions focused in particular on the requirements applicable to operators in the sector, ongoing developments in the national framework, and the operational coordination arrangements between the parties concerned, with a view to consolidating the systems and strengthening their effectiveness.

In addition, the main conclusions and recommendations from the supervisory actions carried out by ACAPS were presented. Feedback on compliance efforts and the main challenges encountered in the effective implementation of AML/CFT measures within the insurance sector was also shared.

Finally, it should be noted that this meeting is part of ACAPS' roadmap to strengthen the effectiveness of AML/CFT measures in the insurance sector through monitoring due diligence obligations, supporting stakeholders, and strengthening coordination with industry players.