... Anti-Money Laundering and Counter-Terrorist Financing (“GL3”) the extent of additional measures set out in the AMLO will depend on the nature and characteristics of the product or service requested and the assessed ML/TF risks presented by the customer. Paragraph 4.12.2 when taking supplementary measures...

... Anti-Money Laundering and Counter-Terrorist Financing (“GL3”) the extent of additional measures set out in the AMLO will depend on the nature and characteristics of the product or service requested and the assessed ML/TF risks presented by the customer. Paragraph 4.12.2 when taking supplementary measures...

... and entities subject to the assets freeze, travel ban and arms embargo set out in paragraph 2 of Security Council resolution 2253 (2015) adopted under Chapter VII of the Charter of the United Nations: A. Individual associated with ISIL (Da’esh) and Al-Qaida QDi.321 Name: 1: MALIK 2: MUHAMMAD 3: ISHAQ...

... continuously kept up to date. 6. Risk identification, assessment and control 6.1 Insurers should identify cyber risks and conduct assessment on the effectiveness of the mitigating measures to protect against and manage cyber risks within the risk appetite and tolerance limit set by the Board or its designated...

... continuously kept up to date. 6. Risk identification, assessment and control 6.1 Insurers should identify cyber risks and conduct assessment on the effectiveness of the mitigating measures to protect against and manage cyber risks within the risk appetite and tolerance limit set by the Board or its designated...

... Statements issued by the Financial Action Task Force (“FATF”) Our Ref: INS/TEC/6/45 14 July 2020 To : Chief Executives / Responsible Officers of all insurance institutions (“IIs”)1 Dear Sirs, Statements issued by the Financial Action Task Force (“FATF”) Further to our letter of 18 March 2020, we...

... been actively promoting Insurtech development in Hong Kong and is committed to building a regulatory environment conducive to the application of innovative technology in the insurance sector: 1. Initiatives to promote Insurtech The IA launched two pilot initiatives, Insurtech...

... framework which protect policyholder interests, are underpinned by the deterrence of proportionate enforcement action if breached. During the financial year from 1 April 2022 to 31 March 2023, the IA took 13 disciplinary actions against current and former insurance intermediaries in relation to...

... and complaint hotline services will continue as normal, and their operating hours are set out on the IA website. Email responses to enquiries and complaints will also continue as normal. Except those skeleton staff, IA staff will work from home. The IA will continue to review the...

... Business 24 Long Term Insurance Business 43 Supervisory Developments for Insurance Intermediaries 58 Consumer Protection 62 Organisation and Management 72 Appendices 79 Calendar of Events 2015 105 This Annual Report covers the events occurred from 1 January 2015 to 31 December 2015. Currency and Exchange...