Identifying, Understanding & Assessing Money Laundering and Terrorism Financing Risks in Insurance

Event: Regional Workshop for Asian Insurance Supervisors

Identifying, Understanding & Assessing Money Laundering and Terrorism Financing Risks in Insurance

30 August 2017

Author / Speaker:

Leo Mucheriwa, Bermuda Monetary Authority - Other materials by the author

Insurance Core Principle (ICP) 22 provides insurance supervisors guidelines on anti-money laundering and combating the financing of terrorism. This presentation shares how ICP 22 was concretely applied in Bermuda, which hosts the third largest reinsurance market in the world. It developed its own internal money laundering and terrorism financing risk assessment model that provides a systematic and practical way to assess these risks in a consistent manner across all the entities it regulates.

Geographical Focus:

Global

Type of Content:

Learning Event

Disclaimer

The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.