... 投影片 1 Dickson Chui – Senior Manager Steven Ho – Manager Market Conduct Division 5 June 2018 Hong Kong’s Money Laundering and Terrorist Financing Risk Assessment Report  Sectoral Risk Assessment – Insurance ML Risk Level of Insurance Sector 2 Medium LowML Threat Level Medium Low ML Vulnerability...

... 投影片 1 Dickson Chui – Senior Manager Steven Ho – Manager Market Conduct Division 5 June 2018 Hong Kong’s Money Laundering and Terrorist Financing Risk Assessment Report  Sectoral Risk Assessment – Insurance ML Risk Level of Insurance Sector 2 Medium LowML Threat Level Medium Low ML Vulnerability...

... practice, however, insurers are encouraged to conduct FNA even for those excluded products. II. Section 5 – Product Design Q 2. Section 5.3 requires insurers to monitor the products after launch to ensure that they continue to meet the needs of the target customers. Does this requirement apply to products...

... required to maintain a separate client account. The broker company should ensure its business operations will not involve handling of client monies if it does not maintain a client account. Q5. Can a licensed insurance broker company use client monies of one client to settle the premiums of another client...

... Presentation by Mr Tony Chan, Associate Director, Policy and Development, at The Hong Kong Federation of Insurers’ Briefing Session of Proposed Insurance Industry Climate Charter 5/12/2022 Welcome Remarks by Mr Stephen Yiu, Chairman, at Asian Insurance...

... required to maintain a separate client account. The broker company should ensure its business operations will not involve handling of client monies if it does not maintain a client account. Q5. Can a licensed insurance broker company use client monies of one client to settle the premiums of another client...

... provider, engaging a service provider to provide such service is generally regarded as outsourcing. Q5 Would it be regarded as outsourcing if an authorized insurer rents a web-server or a telephone line? A5 Such services generally fall under “utilities and telephone” in Annex 1 to GL14 and are generally...

... the HKSAR Government to launch the Pilot Sandbox in March 2020. A brief introduction of the Pilot Sandbox can be found at Cyberport’s YouTube Channel https://www.youtube.com/watch?v=9z5khJz6Zmw with both Chinese and English subtitles. The Pilot Sandbox will be rolling out its Phase 2 implementation...

... the HKSAR Government to launch the Pilot Sandbox in March 2020. A brief introduction of the Pilot Sandbox can be found at Cyberport’s YouTube Channel https://www.youtube.com/watch?v=9z5khJz6Zmw with both Chinese and English subtitles. The Pilot Sandbox will be rolling out its Phase 2 implementation...

... particular those in Chapter 5.5 on the assessment of ML risks of the insurance sector) that are relevant to your own circumstances3 in your risk assessment process. Per the aforesaid IRA, we reiterate that you should have: 1 For details, please refer to FATF Recommendation 1 and its interpretative note....