... the audience’s awareness of key aspects of AML/CTF systems and controls. It does not cover all the statutory requirements applicable to insurance institutions. Insurance institution should seek its own professional legal advice in ensuring its compliance with the Anti-Money Laundering and...

... the audience’s awareness of key aspects of AML/CTF systems and controls. It does not cover all the statutory requirements applicable to insurance institutions. Insurance institution should seek its own professional legal advice in ensuring its compliance with the Anti-Money Laundering and...

...;) Further to my letters of 13 December 2002 and 5 March 2003, I am writing to advise you that a new consolidated list of names designated by the relevant United Nations Security Council Committee was published in the Gazette (G.N. 1417 and G.N. 1418) on 7 March 2003 in accordance with the Ordinance and the...

... 28 October 2021 By Email Only To: Chief Executives of all Authorized Insurers, Responsible Officers of all Licensed Insurance Broker Companies and Responsible Officers of all Licensed Insurance Agencies Dear Sirs, COVID-19 Vaccination Programme I am grateful to you for responding positively to our...

... 4 February 2022 By e-mail To: Chief Executives of all Authorized Insurers, Responsible Officers of all Licensed Insurance Broker Companies and Responsible Officers of all Licensed Insurance Agencies Dear Sirs, Letter from the Financial Secretary on the Evolving Pandemic Situation in Hong Kong I...

... Frequently Asked Questions in relation to Anti-Money Laundering and Counter-Terrorist Financing 15 April 2019 Our Ref: INS/TEC/6/45 To : Chief Executives of all authorized insurers carrying on long term business Dear Sirs, Frequently Asked Questions in relation to Anti-Money Laundering and...

... directions in this Guidance Note regarding the use of Other Names but they should ensure that they are compliant with all relevant directions and regulations. Background 1. It is prescribed under Membership Regulation 7.4 that “A Member shall not adopt a company name that, in the opinion of the General...

... starting from mid-2019 under which the IA will start direct regulation of insurance intermediaries. The draft Guideline suggests that the penalty should be effective, proportionate and fair. The IA will consider all circumstances of the case and take into account a number of factors including the...

... (RBC) Regime Further to our letter dated 6 August 2018 regarding the launch of QIS 2 for the development of the RBC regime, the Insurance Authority (“IA”) has finalized the remaining package of template and technical specifications on matching adjustment for insurers carrying on long term business (“MA...