... level in order to establish AML/CFT policies, procedures and controls commensurate with these risks since enactment of AMLO in 2012 • Large FIs have good understanding of their ML/TF risks and AML/CFT obligations • FIs are aware of the results of Hong Kong ML/TF Risk Assessment Mitigating measures...

... - 12. In order to assess clients’ needs, Members should ensure that they understand, among others, the clients’:- 12.1 existing and potential financial commitments (and liabilities) arising from his/her family and marital status, and from his/her own aspirations (or lifestyle), including but not limited...

... of Form 5 or equivalent but wishes to be registered with the Insurance Agents Registration Board (“IARB”) in order to be engaged in Restricted Scope Travel Business only (the “Applicant”); and B. facilitate the identification of the registration status of insurance agents, Responsible Officers and...

... promote financial inclusiveness have become a pressing necessity. Last December, we authorized a local tech start-up to carry on insurance business in Hong Kong, offering simple products with high protection and low premiums. It operates solely through digital platforms to tap into underserved segments...

... promote financial inclusiveness have become a pressing necessity. Last December, we authorized a local tech start-up to carry on insurance business in Hong Kong, offering simple products with high protection and low premiums. It operates solely through digital platforms to tap into underserved segments...

... promote financial inclusiveness have become a pressing necessity. Last December, we authorized a local tech start-up to carry on insurance business in Hong Kong, offering simple products with high protection and low premiums. It operates solely through digital platforms to tap into underserved segments...

... done in the correct order, with an FNA and RPQ at the heart of the process. 3 Effective date Member Companies which sell ILAS products are required to implement the Requirements as soon as practicable and in any event no later than 1 January 2016. 4 Requirements 4.1 Proper Sales Process The...

..., including the VHIS. The guideline will provide guidance on the expected standard and practices to ensure fair treatment of customers. 7 (d) Fundamental Features of the VHIS The VHIS is equipped with the following features in order for it to function effectively: (i) Insured Persons under the VHIS must be...

... whilst a tropical cyclone warning signal no. 8 or above is in force. (iv) Driving by any person other than an “Insured Driver”, which is usually defined as: (1) The insured, anyone who is driving on the insured’s order or with the insured’s permission, or anyone named in the policy schedule as an...

... relation to insurance claims. The IA cannot adjudicate insurance claims or order payment of compensation. It can, however, handle complaints related to the process by which claims are handled (e.g. delays in processing, lack of controls or weaknesses in governance, areas of inefficiency in the claims...