Important Measures
Issuance of the Regulations Governing Implementation of Internal Control and Audit System for Anti-Money Laundering and Countering Terrorism Financing of Insurance Companies, Post Offices Engaging in Simple Life Insurance Business and Other Financial Institutions Designated by the FSC
2019-01-08
The FSC renamed the “Directions Governing Internal Control System of Anti-Money Laundering and Countering Terrorism Financing of Insurance Sector” to the one mentioned in the title on November 9, 2018, for alignment with the amendments to Article 6 of the Money Laundering Control Act. As stated by the Regulations, insurance agent companies, insurance broker companies and individuals practicing as insurance agents/brokers are also subject to the internal audit requirements for anti-money laundering and countering terrorism financing. Requirements on the audit of the institutions it governs are also stipulated.
- Visitor： 899
- Update： 2019-01-08
