... in addressing the deficiencies in their AML/CFT systems and issue updated statements from time to time, IIs are reminded to browse the website of the FATF for the latest information. (3) Other Outcomes from the FATF Virtual Plenary, 21-23 October 2020 In addition to the statements in (1) and (2...

... should: 6 Cooling-off period: • This is a period of 21 calendar days immediately following the date of delivery of the policy or cooling-off notice to the policy holder, whichever is earlier. www.ia.org.hk 3899 [email protected] 保險業監管局 Insurance Authority 蓋世保鑑 Insurpedia Insurance Authority Make sure...

... by The Hong Kong Federation of Insurers.) If you consider the life insurance policy not suitable, you have the right to cancel it within the “cooling-o� period” and obtain a full refund of the insurance premium paid (less a market value adjustment where applicable). The “cooling-o� period” is 21 days...

... required supporting documents by the deadline (e.g. within 21 to 30 days after your return to Hong Kong), as stated in the policy. Notes on purchasing travel insurance when joining a package tour through a travel agent When joining a package tour, some travel agents...

... renew its EC insurance cover. The insurer issued an EC insurance cover but it was only effective from 2 July 2020, which meant the client was left uninsured for 21 days from 10 June 2020 to 1 July 2020. The client was charged for contravening section 40 of the Employees’ Compensation...

... by The Hong Kong Federation of Insurers.) If you consider the life insurance policy not suitable, you have the right to cancel it within the “cooling-o� period” and obtain a full refund of the insurance premium paid (less a market value adjustment where applicable). The “cooling-o� period” is 21 days...

... and ask the customer if they meet the definition  Shift obligation to their customers – not an acceptable practice  Customer may not be able to determine if they are indeed a PEP 21 PEPs  When suspicious transactions/activities are identified, a suspicious transaction report (“STR”) should be...

... importance: Chapter Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 1/1 1 RISK AND INSURANCE 1.1 CONCEPT OF RISK 1.1.1 Meaning of Risk There have been many attempts to define ‘risk’. Probably, to most of us, ‘risk’ contains a suggestion of loss or danger. We may therefore define it as...

... importance: Chapter Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 1/1 1 RISK AND INSURANCE 1.1 CONCEPT OF RISK 1.1.1 Meaning of Risk There have been many attempts to define ‘risk’. Probably, to most of us, ‘risk’ contains a suggestion of loss or danger. We may therefore define it as...

... Universal Life (Non-Linked) Policies 6/10 D. Standard Illustration for Participating Policies 6/16 E. Guidance Note on Underwriting Long Term Insurance Business (Other Than Class C Business) (GN16) 6/21 F. Initiative on Financial Needs Analysis 6/43 G. Important Facts Statement for Mainland Policyholder...