MUMBAI, India, May 23, 2024 /PRNewswire/ -- Star Health and Allied Insurance Company Ltd (Star Health Insurance), India's largest retail health insurance company, has been awarded 'Best AML Program ...
Anti-money laundering is often mistaken as a secondary consideration to fraud in the insurance sector when it comes to financial crime. The pervasive view is that insurance companies are less likely ...
Money laundering generally refers to financial transactions in which criminals, including terrorist organizations, attempt to disguise the proceeds, sources, or nature of their illicit activities.
Fidamy has partnered with compliance automation company ComplyCube to strengthen anti-money laundering (AML) and sanctions measures in the embedded insurance sector across Europe. The tie-up ...
The Insurance Authority (IA) in Hong Kong has fined three insurance broker firms a total of approximately USD54,800 for breaches of anti–money laundering (AML) regulations.
Insurance Asia on MSN
Hong Kong regulator fines three brokers $55,770 over AML breaches
Compliance gaps revealed weak controls for identifying politically exposed clients. Hong Kong’s Insurance Authority (IA) reprimanded and fined three licensed insurance brokerages a total of $55,770 ...
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