... business funds to support its long-term business liabilities. The ICO also prescribes a local asset requirement for general insurance business (except for reinsurance and captives). 2.1.4 The IA has issued various Guidance Notes with focus on governance, risk management and internal control of insurers....

..., terrorist leaders, or to have links with such persons. The text of the Executive Order and the list of the 27 entities are available on the website of the Office of Foreign Assets Control under the US Treasury (www.ustreas.gov/ofac). You are advised to review carefully the list of 27 entities...

... The list of these 3 entities is attached at Annex II. You are advised to browse the website of the Office of Foreign Assets Control under the US Treasury (www.ustreas.gov/ofac) regularly for the latest information. You should review your records carefully to see whether you have had, or...

... complaints received by the IA against them, etc in conducing on-site inspections.   The IA will communicate with insurance broker companies on control deficiencies and/or concerns relevant to compliance with the applicable laws and regulations identified during on-site inspections.  Broker...

...; determination of a supervised group to which the DIHC belongs; governance on suitability of shareholder controllers, chief executives, directors and key persons in control functions of the DIHC through prior approval requirements and objection by the IA; requirements on certain financial...

... management control functions) that they also have an important role to play in ensuring that, as part of their recruitment and on-boarding processes for new insurance agents, adequate checks are carried out to verify the accuracy of the information being submitted to the IA as part of licensing applications...

... behalf, and subject them to increased scrutiny and enhanced due diligence. In addition, you are reminded that it is an offence under section 4 of the Weapons of Mass Destruction (Control of Provision of Services) Ordinance (Cap. 526) for a person to provide any services where he believes or suspects, on...

... increased scrutiny and enhanced due diligence. In addition, you are reminded that it is an offence under section 4 of the Weapons of Mass Destruction (Control of Provision of Services) Ordinance (Cap. 526) for a person to provide any services where he believes or suspects, on reasonable grounds, that those...

... Given that the role of the board of directors is, in broad terms, to be in charge of the management of a company, the situations where a person is a director of an agency or broker company without being involved in the management or control of the regulated activities of the agency or broker company...