Global Economy
ACAPS Boosts Moroccan Insurance Industry’s Fight Against Money Laundering and Terrorist Financing
On 3 February 2026, Morocco’s insurance regulator, ACAPS, convened insurers, brokers, and key government agencies in Rabat to review the state of anti‑money‑laundering (AML) and counter‑terrorist financing (CTF) controls. The workshop highlighted the progress made since the country’s removal from the FATF “grey list” in 2023 and laid out the roadmap for the upcoming 2026 mutual evaluation by the GAFIMOAN. Participants discussed practical steps to tighten compliance, improve coordination among regulators, and address emerging risks. The meeting underscored ACAPS’s ongoing role in guiding the sector toward a more resilient, internationally‑aligned AML/CTF framework.
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ACAPS Leads a Nationwide Dialogue on AML/CTF in Insurance
On 3 February 2026, the Authority for the Control of Insurance and Social Welfare (ACAPS) gathered key players from Morocco’s insurance ecosystem in Rabat. The session, titled “AML/CTF Framework in Insurance: Current State and Effectiveness Challenges,” aimed to deepen the sector’s understanding of anti‑money‑laundering and counter‑terrorist‑financing obligations.
The meeting brought together the Moroccan Insurance Federation (FMA), the National Federation of Insurance Agents and Brokers (FNACAM), and a wide range of insurance and re‑insurance firms. It also featured active contributions from the National Financial Intelligence Unit (ANRF), the National Commission for the Implementation of UN Security Council Sanctions (CNASNU), and the Moroccan Office for Industrial and Commercial Property (OMPIC), alongside other national stakeholders involved in AML/CTF.
Why the Session Matters
Morocco has been steadily strengthening its AML/CTF regime. The collaborative efforts of regulators and the insured sector helped the Kingdom exit the FATF “grey list” in February 2023. ACAPS continues to support national initiatives, ensuring that the insurance market complies with evolving international standards.
Key Topics Discussed
- Current regulatory requirements for insurance operators.
- Ongoing updates to the national AML/CTF legal framework.
- Operational coordination mechanisms between ACAPS, ANRF, CNASNU, OMPIC and industry participants.
- Lessons learned from compliance projects and the main challenges encountered.
- Preparation for the 2026 mutual evaluation by the Middle‑East and North Africa Financial Action Task Force (GAFIMOAN).
Looking Ahead
Stakeholders agreed on several levers to boost the effectiveness of AML/CTF controls in insurance, including stricter customer‑due‑diligence, enhanced training, and more robust data‑sharing protocols. The dialogue also fed into ACAPS’s roadmap, which focuses on continuous monitoring, stakeholder support, and tighter coordination with all parties involved.
By aligning the sector’s practices with international expectations, Morocco aims to safeguard its financial system against illicit financing while reinforcing its reputation as a stable, well‑regulated market.