Anti-Money Laundering and Counter-Terrorist Financing (“AML/CTF”)

Money laundering and terrorist financing can potentially damage and pose serious threats to the integrity and stability of a financial system. To protect the insurance industry from these threats, the Insurance Authority (“IA”) has been working in partnership with insurance institutions and industry bodies, government departments and other key stakeholders to put in place an effective regime to fight against these crimes.

This webpage aims to provide information relating to this AML regime, including the latest developments and upcoming events. Other AML related materials are put together under this webpage to facilitate better information access, which include AML related legislation, guidelines and circulars, reference materials and relevant websites, as well as frequently asked questions.

Please note that the information provided in this webpage is for reference only and is not exhaustive. Insurance institutions should make reference to other information that is relevant to their circumstances in ensuring compliance with their statutory and regulatory obligations in prevention of money laundering and terrorist financing. For further enquiries, please contact the Insurance Authority.