... principals to the Insurance Authority (“IA”) We write further to our circular dated 1 April 2021 regarding the CPD compliance reporting procedures for the Combined Assessment Periods of 23 September 2019 to 31 July 2020 (2019/20) and 1 August 2020 to 31 July 2021 (2020/21). Important deadlines By way of...

... guidance on certain matters regarding section 121 of the Insurance Ordinance, (Cap. 41) (“the Ordinance”). It is not intended to be a comprehensive guide and does not constitute legal advice. It does not have the force of law and should not be interpreted in a way that would override the provision of any...

... guidance on certain matters regarding section 121 of the Insurance Ordinance, (Cap. 41) (“the Ordinance”). It is not intended to be a comprehensive guide and does not constitute legal advice. It does not have the force of law and should not be interpreted in a way that would override the provision of any...

... insurance policies applied for and taken out by a policyholder. Insurers should review the criteria setting with the view to tightening the specification threshold of obtaining income/assets proof and should implement it on a per person basis as a more effective way to ascertain total risks involved. c...

... SUCH ELEMENTS UNDER SPECIFIED SCENARIOS. IN NO WAY IT SHOULD AFFECT THE TERMS AND CONDITIONS STATED IN THE POLICY DOCUMENT. [B] Proposal Summary for ABC product 1. Name of Life Insured: Age : Sex : [C] Smoker / Non Smoker 2. Benefit Summary [D] Policy Currency: Benefit Description [E] [Initial] Sum...

... 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...

... 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...

... 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...

... 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...

... 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...