Morocco's Insurance and Social Security Supervisory Authority (Acaps) has just published a second guide to combat money laundering and terrorist financing (AML/CFT). The aim is to compile a compendium of best practices in the insurance sector in the Cherifian Kingdom. 
This document, of about thirty pages, presents and details the objectives and modalities of implementation of a global risk-based approach in the life insurance market.
It also sets out the risk-based approach to be deployed at the level of life insurance companies and intermediaries, including the process of implementing this system as well as the appropriate governance.
This guide complements a first relating to the duty of vigilance vis-à-vis customers. All of the two, developed in consultation with the sector, allows a perfect understanding of the system, with the essential interactions between the risk-based approach and the duty of vigilance towards customers.
They are inspired by the relevant legal and regulatory texts, in particular Law 43-05 on the fight against money laundering and the new circular of the Authority based on fatF standards (Financial Action Task Force).
The FATF is an international body whose mission is to develop standards and promote the application of regulatory measures in terms of AML/CFT and other threats to the integrity of the international financial system.