Through Regulatory Standard No. 8/25, of 20 August 2025, the Angolan Insurance Regulation and Supervision Agency (Agência Angolana de Regulação e Supervisão de Seguros) (“ARSEG”)) has established new rules regarding the Prevention and Combat of Money Laundering, Terrorism Financing, and the Proliferation of Weapons of Mass Destruction, applicable to the Insurance, Reinsurance, and Pension Fund sectors.

This regulation, applicable to insurance, reinsurance, and microinsurance companies, insurance and reinsurance brokers and intermediaries, and pension fund management entities, sets forth obligations and responsibilities for these entities, particularly concerning risk identification and assessment; refusal from conducting operations; document retention; internal controls; reporting of suspicious transactions; and the selection, training, and identification of employees.

This Regulatory Standard came into effect on the date of its publication and repealed ARSEG’s Notice No. 3/21, of 6 December 2021.

For further information of this Banking Alert please contact:
[email protected]