The General Insurance Committee (CGA) and the Financial Market Council (CMF) have concluded an agreement on cooperation and exchange of information, including combatting money laundering, terrorist financing and arms proliferation.
In a joint statement, the two regulatory bodies say that the pact aims to strengthen transparency and efficiency in the supervision of the insurance sector and financial markets.
To this end, a formal operational framework for collaboration between the two regulatory authorities has been established, particularly in the areas of control and supervision. It provides for the coordination of joint inspections, the exchange of information and statistical data, as well as enhanced alignment with existing regulations, particularly those related to the fight against money laundering, the financing of terrorism, and arms proliferation.
Beyond the regulatory aspect, the pact includes provisions for the establishment of joint training programmes, the sharing of technical expertise, and consultations on legislative and regulatory developments. The two institutions also intend to collaborate on the development of digital financial services and the improvement of supervisory mechanisms.
The agreement signing ceremony took place on 22 July 2025 in the presence of the CGA president Jouda Khemiri and the CMF president Hatem Smiri, as well as several executives from both authorities.
The CGA was formed in 2008 and is responsible for supervising the insurance sector and protecting the interests of policyholders and insurance beneficiaries. The CMF was established in 1994 and is responsible for regulating, monitoring and supervising the capital market.