... advice in ensuring its compliance with the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance and Guideline on Anti-Money Laundering and Counter-Terrorist Financing. • The PowerPoint materials of this presentation may be used for personal viewing purposes or for use...

... from an insurer for arranging an insurance policy with the insurer on behalf of the client. The Practice Notes have been prepared in consultation with The Hong Kong Confederation of Insurance Brokers and the Professional Insurance Brokers Association. The Practice Notes will be kept under review and...

... from an insurer for arranging an insurance policy with the insurer on behalf of the client. The Practice Notes have been prepared in consultation with The Hong Kong Confederation of Insurance Brokers and the Professional Insurance Brokers Association. The Practice Notes will be kept under review and...

... The new set of FAQs aims to assist insurance institutions (“IIs”) as stipulated in the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (“GL3”) in understanding the relevant AML/CFT requirements. It is designed to be read in conjunction with the latest GL3 and will be updated from...

... broker company licence under section 66 of Schedule 11 to the Insurance Ordinance on the commencement date. - 2 - Audited Financial Statements Specified broker companies must comply with the requirements in relation to audited financial statements under rule 8(2) of the Broker Rules, for each financial...

... communicate with the insurer on the additional specific scenario(s) (“Specific Scenario(s)”). I.5. For a composite direct insurer which has 95% or more of its insurance liabilities2 arising from long term business as at valuation date, it is required to carry out Prescribed Scenario 2 under GI Prescribed...

... communicate with the insurer on the additional specific scenario(s) (“Specific Scenario(s)”). I.5. For a composite direct insurer which has 95% or more of its insurance liabilities2 arising from long term business as at valuation date, it is required to carry out Prescribed Scenario 2 under GI Prescribed...

... authorized insurer, licensed insurance broker companies or licensed insurance agencies, to assist with this assessment. Only if the IA, based on its assessment of the information, considers that it has reasonable cause to believe or reason to enquire whether a Regulated Person may be guilty of misconduct or...

... Nations (Anti-Terrorism Measures) (Amendment) Ordinance 2018 (“the Amendment Ordinance”) was enacted by the Legislative Council on 21 March 2018 and came into effect on 31 May 2018. The Amendment Ordinance can be found on the Government’s website (https://www.gld.gov.hk/egazette/pdf/20182213...

... Dedicated Regime for Captive Insurance Requirements on Captive Insurers To incentivize the establishment of captive insurers in Hong Kong, regulatory facilitations are offered to captive insurers including reduced minimum capital and solvency margin...