The new EU Anti-Money Laundering Regime: implications for life insurers and insurance intermediaries
Scope of Obliged Entities – The AML Regulation expands the definition of ‘obliged entities’. Financial institutions listed in Article 2(6) of the AML Regulation, which includes life insurers and ...
Fidamy has partnered with compliance automation company ComplyCube to strengthen anti-money laundering (AML) and sanctions measures in the embedded insurance sector across Europe. The tie-up ...
Iyka Enterprises, a leading business intelligence provider, just introduced a paradigm-shifting analytics platform for anti-money-laundering applications. While nearly all AML platforms are restricted ...
SINGAPORE and HONG KONG, Nov. 14, 2018 /PRNewswire/ -- LexisNexis Risk Solutions, the industry leading risk management partner, is seeing growing demand for its AML solution in Asia as global ...
The Insurance Authority (IA) in Hong Kong has fined three insurance broker firms a total of approximately USD54,800 for breaches of anti–money laundering (AML) regulations.
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Hong Kong regulator fines three brokers $55,770 over AML breaches
Compliance gaps revealed weak controls for identifying politically exposed clients. Hong Kong’s Insurance Authority (IA) reprimanded and fined three licensed insurance brokerages a total of $55,770 ...
Insurance companies will be required to frequently audit their high-risk customers in line with new guidelines issued by the regulator. The move aims at strengthening their internal anti-money ...
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