Slides

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

4
30 August 2017
Author / Speaker: 
Leo Mucheriwa, Bermuda Monetary Authority
Type of Material: 
Slides

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. 

Topic: 
Finance
Geographical Focus: 
Global
Type of Content: 
Learning Event