... failed to have in place adequate or effective monitoring procedures in relation to existing business relationships with customers to identify transactions which were complex, of an unusually large amount, of an unusual pattern and which had no apparent economic or lawful purpose; and The...

... trillion Greater Bay Area New York Metropolitan Area Greater Tokyo Bay Significant economic growth expected in the Greater Bay Area Source: Fung Business Intelligence Centre, based on the estimates by China Centre for International Economic Exchanges What is Insurtech? 1818 Applications of Insurtech A...

... trillion Greater Bay Area New York Metropolitan Area Greater Tokyo Bay Significant economic growth expected in the Greater Bay Area Source: Fung Business Intelligence Centre, based on the estimates by China Centre for International Economic Exchanges What is Insurtech? 1818 Applications of Insurtech A...

... trillion Greater Bay Area New York Metropolitan Area Greater Tokyo Bay Significant economic growth expected in the Greater Bay Area Source: Fung Business Intelligence Centre, based on the estimates by China Centre for International Economic Exchanges What is Insurtech? 1818 Applications of Insurtech A...

... Guideline has been revised to focus, in relation to group risk, on requirements at the solo level. (See paragraphs 2.3, 6.5.1 to 6.5.5, Annex A and Annex B) 3. Introduction of “Pillar 2 Capital amount” The industry would like to seek further guidance and expectation on “internal economic capital” and...

... transactions with persons, including companies and financial institutions, from countries which do not or insufficiently apply these Recommendations. Whenever these transactions have no apparent economic or visible lawful purpose, their background and purpose should, as far as possible, be examined, the...

... give special attention to business relations and transactions with persons, including companies and financial institutions, from countries which do not or insufficiently apply these Recommendations. Whenever these transactions have no apparent economic or visible lawful purpose, their background and...

... what we are going to discuss at the AIF. Amid the increasing uncertainties from higher-for-longer interest rates, tepid economic growth, post-pandemic industrial transformation and heightened geopolitical tensions, there is a need for all sectors to put our heads together to generalise our experience...

... Average Salary Year-on-year Growth CPI Year-on-year Growth HKD(%) 3 Macroeconomic Environment Economic Cycle Global Financial Crisis SARS Asian Financial Turmoil 4 -2.0 -1.0 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18...

... through the provision of risk transfer insurance or captive insurance solutions. This is why, ladies and gentlemen, insurance continues to serve as a key enabler of economic progress in the 21st century, in the same way as it has done throughout history. Furthermore, if ever there was a place that could...