... 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...

... 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...

... 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...

... 私人密件 PRIVATE & CONFIDENTIAL General Circular 72/12 To : All Members From : CIB Secretariat Date : 17 October 2012 Subject : Promulgation of Membership Regulations in Relation to Remuneration Disclosure Made by the General Committee The General Committee has made the Membership Regulations in...