Strengthening Cooperation Between the Integrity Authority and the Financial Sector to Combat Corruption
The National Authority for Integrity, Prevention of Corruption, and Fight Against Corruption held its fifth high-level annual meeting yesterday, alongside the three financial sector authorities: Bank Al-Maghrib, the Moroccan Capital Market Authority, and the Insurance and Social Security Control Authority. This meeting focused on evaluating the implementation of the cooperation agreement on preventing and combating corruption in the financial sector, signed in November 2019.
During the meeting, the parties confirmed that the roadmap for the 2025-2026 period will rely on continuing to enhance capabilities and instill a culture of integrity while participating in awareness initiatives and exchanging experiences.
A statement issued after the meeting indicated that efforts during this phase will focus on implementing action plans derived from corruption risk maps and establishing appropriate frameworks for managing these risks in the insurance and capital markets sectors, based on previous experience in the banking sector.
The four institutions renewed their commitment to strengthening the dynamics of cooperation within the financial sector, while also evaluating the contents of the agreement six years after its adoption, aiming to align it with the developments in the national and international context and the challenges facing the sector. They also reaffirmed their dedication to supporting the National Authority for Integrity in its efforts to create comprehensive dynamics with a lasting impact across various sectors.
The meeting provided an opportunity to review the achievements of the agreement’s implementation during the 2024-2025 period, adopt the upcoming roadmap, and discuss national and international developments in the field of preventing and combating corruption.
The past period was marked by the implementation of several initiatives to support anti-corruption efforts, during which over 1,600 officials and executives from financial sector institutions benefited from training courses on priority issues in this field. A cooperation initiative with the Moroccan Financial Culture Foundation was launched to enhance the skills of trainers in integrity and anti-corruption.
Efforts to exchange experiences continued among the four authorities and with other stakeholders, with a seminar held on managing corruption risks that included over 80 officials from the banking, insurance, and capital market sectors. Interactive workshops addressed issues such as gift policies, conflict of interest management, and the implementation of related training programs.
Currently, a project to assess corruption risks in the insurance sector is nearing completion in partnership with United Nations experts, with preliminary results presented during the meeting. Similar projects have been launched in the capital markets sector, expected to be completed by 2026.
