Angola
4 regulators · 11 laws & regulations · 12 obligations · 4 enforcement actions
| Date | Entity | Regulator | Action | Penalty | Source | Summary |
|---|---|---|---|---|---|---|
| 20 Feb 2026 | Global Seguros, S.A. (insurer) | ARSEG | Licence Action | — | official | |
By Despacho n.º 028/ARSEG/26 of 20 February 2026 (notice dated 23 February 2026), ARSEG revoked the insurer's authorisation, saying it had failed since 2019 to meet requirements on financial guarantees, governance and reporting. It cited a solvency margin of -521.1% and technical provisions covered at 50.5% in Q3 2025. The portfolio is to be transferred to other insurers. The notice cites no specific articles. |
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| 1 Dec 2025 | Aliança Seguros, S.A. (insurer) | ARSEG | Monetary Penalty | AOA 85,000,000 | official | |
ARSEG's Board fined the insurer Kz 85,000,000 in transgression process PT/061/SEG/2025 for AML infractions: no ML/TF risk assessment, incomplete customer due diligence files, defective record keeping and defective control. Date is that of the press release (No. 005/025); the decision date is not stated. |
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| 10 Jun 2025 | BIC Seguros, S.A. (insurer) | ARSEG | Monetary Penalty | AOA 70,000,000 | official | |
After an off-site inspection of its 2024 AML/CFT obligations, ARSEG's Board fined the insurer Kz 70,000,000 for failing to carry out ML/TF risk assessments, defective or insufficient identification, due diligence and record-keeping, and failing the training obligation. |
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| 30 May 2025 | Providência Royal Seguros, S.A. (insurer) | ARSEG | Licence Action | — | official | |
By Despacho n.º 85/ARSEG/25 of 30 May 2025 (published 4 June 2025), ARSEG revoked the insurer's authorisation, citing eight irregularities including late documents, no recovery or financing plan, no internal audit function and breaches of share-capital and accounting rules. The Board appointed a liquidation commission to coordinate claims and indemnities. |
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