... The Philippines I wrote to you on 5 October 2001 advising you that the Philippines enacted the "Anti-Money Laundering Act of 2001" on 29 September 2001 and hence the proposed further counter-measures against the Philippines was suspended. In November 2001, the FATF...

... Supervisory Approach for Licensed Insurance Brokers The Insurance Authority ("IA") employs various tools in conducting on-going supervision of licensed insurance brokers, broadly comprising off-site monitoring and on-site inspection.  The...

... Insurance Authority warns against an unauthorized company with insurance-related name 13 April 2023 The Insurance Authority (IA) today (13 April 2023) wishes to alert members of the public in Hong Kong to a company called “Hongkong Baocheng...

... Understanding Travel Insurance Claims cases Case 1: Trip delay Ms. Lai was notified by the airline that her scheduled flight back to Hong Kong in the morning was cancelled due to a mechanical breakdown, and that another flight had been...

...) According to Membership Regulation 3.5, the General Committee is issuing this Guidance Note on Conducting “Know Your Client” Procedures for Long Term Insurance Business (Including Linked Long Term Insurance). Background CIB Membership Regulation 14.7.2 requires our Members and their Chief Executives and...