Brahim Diaz’s ‘Panenka’ penalty was saved by Senegal keeper Edouard Mendy, then referee Jean-Jacques Ndala immediately blew the whistle for full-time.
Pape Gueye scored the winning goal in the fourth minute of extra time to seal a second Afcon triumph in five years for Senegal.
Senegal forward Iliman Ndiaye and midfielder Sarr received two-match bans for “unsporting behaviour towards the referee”, while the Senegal Football Federation was fined $615,000 (£444,000).
Morocco forward Ismael Saibari was given a three-match ban and fined $100,000 (£72,000), while defender Hakimi was handed a two-match ban.
The bans for Thiaw and the four players relate to CAF matches only and will not impact preparation for the 2026 World Cup in the US, Canada and Mexico.