Thursday, March 4, 2021

Applying a Risk-Based Approach to Financial Crime Screening for Insurance

An increased focus on anti-money laundering and countering the financing of terrorism (AML/CFT) regulations in the insurance industry has led to specific guidelines for different types of insurance based on the level of risk. The risk associated with each insurance type determines the controls and processes that the provider needs to have in place. High-risk businesses such as life and marine insurance, for example, will need more stringent controls read more

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A Guide to PEP and Sanction Checks

If you own or work for a business that must comply with “know your customer” (KYC) and anti-money laundering (AML) regulations, then odds ...