... relation to Chapter 6 of the Guideline on Anti-Money Laundering and Counter- Terrorist Financing, the Insurance Authority (“IA”) would like to elaborate the expectations on actions that should be taken by you regarding sanctions imposed by the United Nations Security Council (“UNSC”) and the early alerts...

... insurers, Guideline on Underwriting Long Term Insurance Business (Other Than Class C Business) (GL16) requires insurers to publish the fulfillment ratio of non-guaranteed benefits for participating policies. This demonstrates the insurer’s record of meeting its forecast up to that period. The...

... the SFC. Members include the Environment and Ecology Bureau, Financial Services and the Treasury Bureau, Hong Kong Exchanges and Clearing Limited, Insurance Authority and the Mandatory Provident Fund Schemes Authority. The Steering Group aims to coordinate the management of climate and environmental...

... incorporation, of having attained or having completed study of a diploma, higher diploma, bachelor degree, postgraduate diploma, master degree, or doctorate degree of any discipline; -2 - (7) Proof of having attained any one of the Acceptable Insurance Qualification specified in the Membership Regulations; (8...

... promptly notify the Joint Financial Intelligence Unit. /… - 2 - Should you have any enquiries on the above, please contact Mr Edward Li at 2153 2754 or Ms Christy Wong at 2153 2751. Yours faithfully, Dickson Chui Senior Manager Market Conduct Division Insurance Authority Encl. c.c. Chairman, The Hong Kong...

... Annex 1 Key Observations from the First ORSA Reports The Insurance Authority (“IA”) issued the Guideline on Enterprise Risk Management (“GL21”) which took effect on 1 January 2020. This is the Pillar 2 requirement which is implemented ahead of the statutory capital requirement under the Risk-based...

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... Suspicious Transaction Reports x STR raised without reviewing and considering all insurance policies and transactions of the policyholder �Monitoring cases not reported to JFIU for ongoing assessment of the suspicion • Payment by third party could be an indicator of suspicious transactions (GL3 7.14(i...