The Financial Market Council (CMF) announced Monday, that it had issued a questionnaire on June 5, 2025, to institutions under its supervision.
The aim is to assess market participants’ awareness of risks related to the financing of weapons of mass destruction (WMD) proliferation, in line with Recommendations 1 and 7 of the Financial Action Task Force (FATF).
This initiative, the CMF explained, is part of ongoing preparations for Tunisia’s mutual evaluation under the Middle East and North Africa Financial Action Task Force (MENAFATF), scheduled for 2025-2026.
Additionally, to ensure compliance with mutual evaluation requirements, which emphasize “effectiveness” in implementing legal and regulatory frameworks, the CMF stated that it will conduct documentary and on-site inspections in July 2025 targeting select brokerage firms and third-party securities portfolio management companies.
These inspections will be carried out by the CMF’s Anti-Money Laundering, Counter-Terrorist Financing, and Counter-Proliferation Financing Unit, following a risk-based approach (RBA).
The objective is to verify whether the entities comply with their legal and regulatory obligations, particularly regarding customer due diligence measures, suspicious transaction reporting and providing requested information upon demand.
The CMF reaffirmed that effective oversight is a key factor in assessing the national framework’s effectiveness and urged all regulated entities to fully cooperate with inspection teams.
It also stressed the importance of strict adherence to international recommendations, promoting transparency and integrity to enhance Tunisia’s standing in this critical mutual evaluation process.
