... purpose and must be used for business introduced from this type of intermediary. For the avoidance of doubt, however, Member Companies must still follow the requirement under 7.8 of the GN15 during the underwriting process for business introduced by insurance brokers, and follow up with the insurance...

... advanced transport and telecommunications infrastructures. 1.21 Over the past two decades, the Gross Domestic Product (“GDP”) has doubled, growing at an average annual rate of 3.4% in real terms. In 2016, GDP at current market prices reached HK$2,489.1 billion, and per capita GDP of US$43,700 was among the...

... advanced transport and telecommunications infrastructures. 1.21 Over the past two decades, the Gross Domestic Product (“GDP”) has doubled, growing at an average annual rate of 3.4% in real terms. In 2016, GDP at current market prices reached HK$2,489.1 billion, and per capita GDP of US$43,700 was among the...

... advanced transport and telecommunications infrastructures. 1.21 Over the past two decades, the Gross Domestic Product (“GDP”) has doubled, growing at an average annual rate of 3.4% in real terms. In 2016, GDP at current market prices reached HK$2,489.1 billion, and per capita GDP of US$43,700 was among the...

... professional insurance intermediary to have a working knowledge of the various products. It must be noted that insurers generally differ from each other in the policy wording and terms adopted for the same type of insurance. In these notes, therefore, we shall present what may be considered a representative...

... to inspect based a risk-based approach. This approach takes into account numerous quantitative and qualitative factors such as: type of business being carried on (long-term business is deemed higher risk than general business, in terms of regulatory requirements that need to be complied with...

... Relative Weight 1 12% 2 16% 3 30% 4 9% 5 5% 6 21% 7 7% Total 100% 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 ‘uncertainty concerning a...

... additional measures, which is also commensurate with the ML/TF risks posed by NFTF channel. For the second identity document / passport, it should also contain a photograph of the customer. Paragraph 4.3.4 of GL3 21 2. Additional measures for NFTF channel Key AML/CFT Considerations – Expectation, Good...

... additional measures, which is also commensurate with the ML/TF risks posed by NFTF channel. For the second identity document / passport, it should also contain a photograph of the customer. Paragraph 4.3.4 of GL3 21 2. Additional measures for NFTF channel Key AML/CFT Considerations – Expectation, Good...