... KONG MAINLAND MACAO A maximum penalty of a fine of HKD 10,000, imprisonment for 12 months and disqualification from holding a driving license for 12 months to 3 years. A fine of double the insurance premium and detainment of the vehicle concerned. A fine of MOP 3,000 RELEVANT PENALTIES Tips for Buying...

... “Jurisdictions that do not or insufficiently apply the FATF Recommendations” Recommendations:  Diligent in approving the AML/CFT P&Ps  Ensure AML/CFT P&Ps are complete, accurate & updated – Policies & Procedures (Cont’d) 10 Senior Management Oversight Findings: The requisite senior management approvals NOT...

... 1 Asian Insurance Forum 2019 “Connectivity and Innovation - The Key to Competitiveness and Inclusiveness” 10 December 2019 Welcome Remarks by Dr Moses Cheng Chairman of the Insurance Authority The Honourable Chief Executive, Ms Qiu1, Mr Liu2, Mr Dixon3, Bernard4, K P5, Laurence6, friends...

... industry. Industry and public consultation on over 10 sets of rules, codes and guidelines is expected to be launched in the second half of 2018. Meanwhile, we are recruiting new staff to take up licensing, investigation and disciplinary work arising from the new regime. 5 Growth of Insurtech and Regulator’s...

... 1 Asian Insurance Forum 2019 “Connectivity and Innovation - The Key to Competitiveness and Inclusiveness” 10 December 2019 Welcome Remarks by Dr Moses Cheng Chairman of the Insurance Authority The Honourable Chief Executive, Ms Qiu1, Mr Liu2, Mr Dixon3, Bernard4, K P5, Laurence6, friends...

... industry. Industry and public consultation on over 10 sets of rules, codes and guidelines is expected to be launched in the second half of 2018. Meanwhile, we are recruiting new staff to take up licensing, investigation and disciplinary work arising from the new regime. 5 Growth of Insurtech and Regulator’s...

... “Jurisdictions that do not or insufficiently apply the FATF Recommendations” Recommendations:  Diligent in approving the AML/CFT P&Ps  Ensure AML/CFT P&Ps are complete, accurate & updated – Policies & Procedures (Cont’d) 10 Senior Management Oversight Findings: The requisite senior management approvals NOT...

... 1 Asian Insurance Forum 2019 “Connectivity and Innovation - The Key to Competitiveness and Inclusiveness” 10 December 2019 Welcome Remarks by Dr Moses Cheng Chairman of the Insurance Authority The Honourable Chief Executive, Ms Qiu1, Mr Liu2, Mr Dixon3, Bernard4, K P5, Laurence6, friends...

... industry. Industry and public consultation on over 10 sets of rules, codes and guidelines is expected to be launched in the second half of 2018. Meanwhile, we are recruiting new staff to take up licensing, investigation and disciplinary work arising from the new regime. 5 Growth of Insurtech and Regulator’s...

... “Jurisdictions that do not or insufficiently apply the FATF Recommendations” Recommendations:  Diligent in approving the AML/CFT P&Ps  Ensure AML/CFT P&Ps are complete, accurate & updated – Policies & Procedures (Cont’d) 10 Senior Management Oversight Findings: The requisite senior management approvals NOT...