Global Economy
BMCI Securities Services Secures ISAE 3402 Type 2 Certification, Boosting Custody Credibility
BMCI Securities Services (2S), the custody arm of the BMCI‑BNP Paribas group, has received the internationally recognized ISAE 3402 Type 2 certification from audit firm Forvis Mazars. The award, coming a year after a Type 1 certification, confirms the robustness of its internal controls and operational effectiveness over a nine‑month review period, signalling higher reliability and risk‑management standards for institutional investors. The certification positions BMCI 2S as a leading, trustworthy partner in Morocco’s financial market and should reinforce confidence among its global clients, paving the way for stronger growth in custodial and asset‑servicing activities.
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BMCI Securities Services Achieves ISAE 3402 Type 2 Certification
BMCI Securities Services (2S), the custody subsidiary of the BMCI‑BNP Paribas group, announced that it has been awarded the ISAE 3402 Type 2 certification by the audit firm Forvis Mazars. The certification covers its custody, asset‑management and related services, confirming a high level of reliability, transparency and risk‑management for clients and partners.
This milestone follows the Type 1 certification received just a year earlier and demonstrates that the internal‑control framework put in place has not only been strengthened but also proven effective over a nine‑month observation period.
Why ISAE 3402 Type 2 matters
- It is an internationally recognised benchmark for evaluating the internal controls of financial service providers.
- The audit, conducted by Forvis Mazars, examined the design and operating effectiveness of BMCI 2S’s processes.
- Clients gain confidence that the custody function meets rigorous global standards.
Executive comment
"The ISAE 3402 Type 2 certification is a major recognition of the hard work of our teams and our unwavering commitment to operational excellence. It validates the remediation of our processes and places BMCI Securities Services among the most reliable and high‑performing players in the market," said Rachid Lakchini, Director of BMCI Securities Services.
The achievement aligns BMCI 2S with best‑in‑class international practices and supports the strategic vision of the BMCI Investment Bank, reinforcing its role as a reference partner for institutional investors seeking a secure, high‑performance environment that complies with the toughest standards.
With this added credibility, BMCI Securities Services solidifies its position in the Moroccan financial market and confirms its ability to sustainably support clients in capital‑market operations, while meeting rising expectations on governance, control and risk management.