Insurance Authority inspection results in enhancement to anti-money laundering controls and processes and fine

Sep 24, 2026

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Latest News IA Insurance Authority inspection results in enhancement to anti-money laundering controls and processes and fine

On 24 September 2026, the Insurance Authority announced that FWD Life Insurance Company (Bermuda) Limited was ordered to pay a pecuniary penalty of HK$19.5 million following shortcomings in anti-money laundering controls identified during an on-site inspection under AMLO.

This article was generated using SAMS, an AI technology by Timothy Loh LLP.

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Regulatory Inspection by the Insurance Authority

On 24 September 2026, an on-site inspection was conducted by the Insurance Authority (the "IA") pursuant to its statutory powers under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 618).

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