... or company service providers (“TCSPs”) has a noticeable cross-border element. It is not uncommon for shell companies incorporated in Hong Kong under the control of transnational syndicates to be used to launder proceeds of crimes committed outside Hong Kong. To disguise the source of money, it is...

..., she or it is required to provide information or documents to the IA or attend an interview by an investigator appointed by the IA, if disclosed only: a) to his/her employer, spouse or partner; 5 b) to his/her firm’s responsible officers, compliance officers, chief executive or key persons in control...

..., she or it is required to provide information or documents to the IA or attend an interview by an investigator appointed by the IA, if disclosed only: a) to his/her employer, spouse or partner; 5 b) to his/her firm’s responsible officers, compliance officers, chief executive or key persons in control...

... important concept and should form an integral part of an authorized insurer’s business culture, business strategies and internal controls.” Since directors, controllers and key persons in control functions of insurers are responsible for the business culture and internal controls of the insurer...

... group of companies which also have subsidiaries in other jurisdictions carrying on insurance business in those jurisdictions. In these groups (referred to hereafter as “insurance groups”), the risk management and control functions as well as significant management and policy decisions are often carried...

... terrorist financing laws that are relevant. For example: (a) it is an offence under section 4 of the Weapons of Mass Destruction (Control of Provision of Services) Ordinance (Cap.526) (“WMD(CPS)O”) for a person to provide any services where he believes or suspects, on reasonable grounds, that those services...

... - b) Preparing risk appetite statement, which defines the risk capacity and gives clear guidance to operational management on the risk limits of material risks ? PART B) Readiness Status (Cont'd) Responses c) How is the preparation progress of risk assessment and control process and embedding of the...