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.
SPOTLIGHT ON
FAMILY OFFICES
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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