Anti-Money Laundering
About:
The Insurance and Pensions Commission (IPEC) is a competent supervisory authority designated in terms of the Money Laundering and Proceeds of Crime Act [Chapter 9:24]. IPEC is mandated to supervise the insurance and pensions industry on AML/CFT/CPF matters.
The Commission is implementing a risk-based approach to supervision and monitoring of industry compliance with AML/CFT/CPF requirements. Our supervisory approaches include onsite and offsite assessments. The Commission is responsible for raising industry awareness of AML/CFT/CPF obligations.