... Management (“Guideline”) in May 2018 and received comments from the insurance industry and professional bodies. We have carefully studied all comments received and revised the draft Guideline for further consultation (see Annex). The revised draft Guideline, proposed to be effective on 1 January 2020, has...

... Draft Our Ref: INS/TEC/6/45 4 November 2020 To : Chief Executives / Responsible Officers of all insurance institutions (“IIs”)1 Dear Sirs, Consultation on Legislative Proposals to Enhance Anti-Money Laundering and Counter-Terrorist Financing Regulation in Hong Kong We are writing to inform you...

... the following developments: (1) FATF Public Statement The FATF issued an updated statement on 3 November 2017 identifying jurisdictions that have strategic deficiencies in their anti-money laundering and combating the financing of terrorism (“AML/CFT”) regimes. The statement can be found on the...

... to our letter of 1 December 2017, we are writing to inform you of the following developments: (1) FATF Public Statement The FATF issued an updated statement on 23 February 2018 identifying jurisdictions that have strategic deficiencies in their anti-money laundering and combating the financing of...

... GL23 GUIDELINE ON “FIT AND PROPER” CRITERIA FOR LICENSED INSURANCE INTERMEDIARIES UNDER THE INSURANCE ORDINANCE (CAP. 41) Insurance Authority Contents Page 1. Introduction 1 2. Interpretation 1 3. Scope and Application 2 4. Determination of “Fit and Proper” 4 5. Criteria for Individuals 8 6....

... GL23 GUIDELINE ON “FIT AND PROPER” CRITERIA FOR LICENSED INSURANCE INTERMEDIARIES UNDER THE INSURANCE ORDINANCE (CAP. 41) Insurance Authority Contents Page 1. Introduction 1 2. Interpretation 1 3. Scope and Application 2 4. Determination of “Fit and Proper” 4 5. Criteria for Individuals 8 6....

... GL23 GUIDELINE ON “FIT AND PROPER” CRITERIA FOR LICENSED INSURANCE INTERMEDIARIES UNDER THE INSURANCE ORDINANCE (CAP. 41) Insurance Authority Contents Page 1. Introduction 1 2. Interpretation 1 3. Scope and Application 2 4. Determination of “Fit and Proper” 4 5. Criteria for Individuals 8 6....

... GL23 GUIDELINE ON “FIT AND PROPER” CRITERIA FOR LICENSED INSURANCE INTERMEDIARIES UNDER THE INSURANCE ORDINANCE (CAP. 41) Insurance Authority Contents Page 1. Introduction 1 2. Interpretation 1 3. Scope and Application 2 4. Determination of “Fit and Proper” 4 5. Criteria for Individuals 8 6....

... Anti-Money Laundering and Counter-Terrorist Financing Seminars 2019 13 September 2019 Our Ref: INS/TEC/6/45/3 To : Chief Executives of all authorized insurers carrying on long term business Dear Sirs, Anti-Money Laundering and Counter-Terrorist Financing Seminars 2019 To further enhance the...

... Stormy Seas” - gives us a chance to reflect on where we were, and explore where we should be heading for. Navigating Through the Torrents The insurance industry has displayed steadfast commitment, strong resourcefulness and deep resilience when confronted by COVID-19. Individual Life business saw a sharp...