... realisable assets for restraint and confiscation are relatively negligible  HK is one of the most open insurance centres in the world ML threat level of insurance sector is medium low 4 Vulnerabilities of Insurance Sector Input Variables  General AML Control Variables Relate to the effectiveness of the...

... implemented through Hong Kong legislation, there are offences under existing money laundering and 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...

... attributable to the conduct; (xiii) in relation to a firm, − whether the conduct reveals serious or systemic weaknesses of the firm’s internal control procedures and risk management systems in respect of all or part of the business of regulated activities carried on by the firm; 4 − the seniority and industry...

... attributable to the conduct; (xiii) in relation to a firm, − whether the conduct reveals serious or systemic weaknesses of the firm’s internal control procedures and risk management systems in respect of all or part of the business of regulated activities carried on by the firm; 4 − the seniority and industry...

... operations of individual insurers, including their compliance with regulatory requirements. Our inspections cover reviews of corporate governance practices, including risk management and internal control systems, of business strategies and operations assessed against industry practices, and of adherence to...

... operations of individual insurers, including their compliance with regulatory requirements. Our inspections cover reviews of corporate governance practices, including risk management and internal control systems, of business strategies and operations assessed against industry practices, and of adherence to...

... Mass Destruction (Control of Provision of Services) Ordinance (WMD(CPS)O). It is very important that IIs and their officers and staff fully understand their respective responsibilities under the different legislation. AMLO s.23, Sch. 2 1.20 The AMLO imposes requirements relating to customer due...

... Mass Destruction (Control of Provision of Services) Ordinance (WMD(CPS)O). It is very important that IIs and their officers and staff fully understand their respective responsibilities under the different legislation. AMLO s.23, Sch. 2 1.20 The AMLO imposes requirements relating to customer due...

...), the Organized and Serious Crimes Ordinance (OSCO), the United Nations (Anti-Terrorism Measures) Ordinance (UNATMO), the United Nations Sanctions Ordinance (UNSO) and the Weapons of Mass Destruction (Control of Provision of Services) Ordinance (WMD(CPS)O). It is very important that IIs and their...

... Destruction (Control of Provision of Services) Ordinance (WMD(CPS)O). It is very important that IIs and their officers and staff fully understand their respective responsibilities under the different legislation. AMLO s.23, Sch. 2 1.20 The AMLO imposes requirements relating to customer due diligence (CDD) and...