... Mutual Evaluation Report of Hong Kong Dickson Chui – Senior Manager Steven Ho – Manager Market Conduct Division 21 October 2019 Mutual Evaluation Report of Hong Kong Agenda FATF/APG1 Mutual Evaluation2 Insurance Authority 3 Private Sector4 Recommended Action5 What is FATF? • Financial Action Task...

...) According to Membership Regulation 3.5, the General Committee is issuing this Guidance Note on Conducting “Know Your Client” Procedures for Long Term Insurance Business (Including Linked Long Term Insurance). Background CIB Membership Regulation 14.7.2 requires our Members and their Chief Executives and...

... 5 October 2001 To: Chief Executive of all authorized insurance institutions       carrying on long term business Dear Sir/Madam, Non-cooperative Countries and Territories & United States Executive Order on...

... be waived for 5 years from the commencement of new regime.    Deemed Licensees and Responsible Officers All existing insurance intermediaries who are validly registered with the Self-regulatory Organizations (“SROs”) immediately before the...

...), Annex I – Examples 5 and 18) – E.g. unnecessary routing of funds or other property Third Party Payment – E.g. unnecessary routing of funds or other property from/to third parties or through third party accounts • Sanctions/Terrorist Financing • Evaluate the effectiveness on identification of third party...