... - Exercising Care, Skill and Diligence IV. General Principle 4 - Competence to Advise V. General Principle 5 - Disclosure of Information VI. General Principle 6 - Suitability of Advice VII. General Principle 7 - Conflicts of Interest VIII. General Principle 8 - Client Assets IX. Corporate Governance and...

... 2018/2019 We write to inform you that on 8 January 2022 the Insurance Authority (“IA”) took disciplinary action against 91 licensed individual insurance agents for non-compliance with the Continuing Professional Development (“CPD”) requirements for the assessment period from 1 August 2018 to 31 July...

... Draft 8 November 2018 Our Ref: INS/TEC/6/45 To: Chief Executives of all authorized insurers Dear Sirs, New Solution for e-STR Reporting In order to enhance the capacity in suspicious transaction report (“STR”) processing and shorten the time required for STR reporting entities to receive feedback...

... information provided to the IA in support of the Sandbox application. (x) Appropriate training should be provided to the intermediaries before they are allowed to use the VC facilities. (xi) Notifying the IA forthwith of – a. any sudden surge of complaints arising from the operation; b. the need to trigger...

..., the procedures prescribed in Recommendation 21 Note of the FATF Forty Recommendations have been withdrawn in relation to such jurisdictions. No new NCCTs have been identified and the updated list of the remaining 15 NCCTs is as follows : Cook Islands...

... identified deficiencies in their anti-money laundering regime, the FATF has recommended the application of counter-measures as of 15 March 2003 with respect to the Philippines unless its government enacts appropriate legislative amendments by that date. I will keep you informed of any further development on...

... is offered by the authorized insurer in form of a repayment of a portion of the premiums previously paid by the policy holder under the policy, such premium waiver will be regarded as “premium rebate” as described in Paragraphs 2.1(g)(i) of the Guideline. Q8 Can authorized insurers issue separate...

... is offered by the authorized insurer in form of a repayment of a portion of the premiums previously paid by the policy holder under the policy, such premium waiver will be regarded as “premium rebate” as described in Paragraphs 2.1(g)(i) of the Guideline. Q8 Can authorized insurers issue separate...

... 5. Screening of PEPs, Terrorists and Sanction Designations 6. Ongoing Monitoring 7. Suspicious Transaction Reporting 8. Staff/ Insurance Agent Training 4 Presenter Presentation Notes Way Forward • Provide AML/CFT guidance to insurance sector through seminars/briefings and circulars • Assess insurers...