The results of the last control missions of the insurance sector in the framework of the fight against money laundering and terrorism financing have been recently published by the Insurance Control Authority (ACAPS) in Morocco, precisely in Rabat.The results of the last missions of the insurance sector control in the framework of the fight against money laundering and terrorism financing were recently published by the Insurance and Social Security Control Authority (ACAPS) in Morocco, precisely in Rabat.

The ACAPS, in order to fight against money laundering and terrorist financing, has published the results of its last control missions. According to these results, two insurance companies are facing sanctions while six intermediaries have already been sanctioned. A total of 21 on-site inspections were carried out between the first quarter of 2021 and the first quarter of 2022. 16 of these missions concerned insurance intermediaries and the other five, insurance and reinsurance companies (IRC).

According to the audit conducted by ACAPS, 37% of the intermediaries audited do not have internal documents formalizing AML/CFT procedures.