... allows an II to allocate its resources more effectively and apply preventive measures that are commensurate with the nature and level of risks, in order to focus its AML/CFT efforts in the most effective way. Therefore, an II should adopt an RBA in the design and implementation of its AML/CFT policies...

... value at the time of death. Who should consider it? Young people wi th l imi ted financial means; individuals who have high protection needs for a period of time or who are looking solely for protection and have other financial plans Individuals in a strong financial s i t ua t i on w ho wa n t b o t h...

... of the location, it should consider seeking clarification with and making a report to the JFIU. 15 Chapter 3 – RISK-BASED APPROACH Introduction 3.1 The risk-based approach to CDD and ongoing monitoring (RBA) is recognized as an effective way to combat ML/TF. The general principle of an RBA is that...

... increasing emphasis on fair treatment of customers. ICP 19.2.4 stipulates that fair treatment of customers encompasses: (a) developing and marketing products in a way that pays due regard to the interests of customers; (b) providing customers with clear information before, during and after the point of sale...

... a way that the policyholder is contractually bound to bear partly or wholly the risk of the investments to which the benefits are linked. In other parts of the world, investment-linked insurance policies are also known by the following terms: (a) Unit-linked life/annuities: This is a common term...

... General Insurance Examination Insurance Intermediaries Quality Assurance Scheme General Insurance Examination Study Notes 2018 Edition 1 Study Notes for General Insurance Examination Update Voluntary Health Insurance Scheme fully launched on 1 April 2019 With the Voluntary Health Insurance Scheme (...

... industry have placed increasing emphasis on fair treatment of customers. ICP 19.2.4 stipulates that fair treatment of customers encompasses: (a) developing and marketing products in a way that pays due regard to the interests of customers; (b) providing customers with clear information before, during and...

... considering whether the provisions of this Code have been satisfied and, if not, whether to take any disciplinary action. 4.4 This Code does not have the force of law, in that it is not subsidiary legislation, and should not be interpreted in a way that would override the provision of any law. However, in any...

... considering whether the provisions of this Code have been satisfied and, if not, whether to take any disciplinary action. 4.4 This Code does not have the force of law, in that it is not subsidiary legislation, and should not be interpreted in a way that would override the provision of any law. However, in any...

... considering whether the provisions of this Code have been satisfied and, if not, whether to take any disciplinary action. 4.4 This Code does not have the force of law, in that it is not subsidiary legislation, and should not be interpreted in a way that would override the provision of any law. However, in any...