... Administrative Region 24 Observation • Inadequate training to staff to maintain their AML/CFT knowledge and competence • Training records showing who have been trained, when the staff received training and the type of the training provided were not kept (Ref: Guideline paragraph 9.3 & 9.9) Office of the...

...; Size and type of insurance business, and targeted users. While external customers serving as users of the trial can give live and real data for the initiative under trial, other types of users, e.g. selected group of staff of the authorized insurer may also serve the purpose of testing under the...

... Administrative Region 24 Observation • Inadequate training to staff to maintain their AML/CFT knowledge and competence • Training records showing who have been trained, when the staff received training and the type of the training provided were not kept (Ref: Guideline paragraph 9.3 & 9.9) Office of the...

... warning statement to safeguard the Member’s own interest. Identification 8. Common personal particulars should be recorded, and whenever necessary verified, for identification purpose. They should include but not limited to: full name, date of birth, nationality, identity document type and number...

... the Legislative Council (“LegCo”) in July 2020 to provide for a bespoke regulatory framework for the issuance of ILS in Hong Kong through the formulation of special purpose insurers (“SPIs”), which will be a new type of authorized insurer under the Insurance Ordinance (Cap. 41) (“the Ordinance”). 2....

... the various products. It must be noted that insurers generally differ from each other in various degrees in the policy wording and terms adopted for the same type of insurance. From a practical point of view, we shall present in these notes what may be considered a representative summary of the...

... to inspect based a risk-based approach. This approach takes into account numerous quantitative and qualitative factors such as: type of business being carried on (long-term business is deemed higher risk than general business, in terms of regulatory requirements that need to be complied with...

... correct the personal data provided. Requests should be made in writing to the Data Privacy Officer of the Insurance Authority at 19/F, 41 Heung Yip Road, Wong Chuk Hang, Hong Kong. Name of insurer: Type of business authorized: Contact person for this survey: Name: Telephone: Email: Input, explain or...