Angola's Ministry of Finance published remarks from Jesus Teixeira highlighting that the insurance sector’s claims ratio has remained stable at around 31% and linking ongoing sector transformation to strengthened anti-money laundering and counter-terrorist financing (AML/CFT) and governance expectations. The speech emphasised the role of compliance professionals in embedding a culture of responsibility and transparency across organisations. The remarks pointed to recent legislative and regulatory developments following Angola’s AML/CFT mutual evaluations, including Law 11/24 of 4 July amending Law 5/20 on money laundering, terrorist financing and proliferation financing. For insurance and pension funds, the speech referenced Notice 3/21, which has been amended by ARSEG but not yet published, as setting rules on the effective implementation of AML/CFT obligations; it also cited Law 18/22’s updates to insurers’ organisational structures and Regulatory Standard 3/24 on corporate governance, which introduced new functions and responsibilities. Taken together, these measures were presented as reinforcing ARSEG-supervised entities’ obligation to establish and operationalise an effective, autonomous and independent compliance function, supported by supervisory guidance, training and technical assistance. The only forward-looking step flagged was the pending publication of the amended version of Notice 3/21.

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