Fintelekt Virtual Workshop on Effective ML/TF Risk Assessment in Insurance

A robust Money Laundering and Terrorist Financing risk assessment is the foundation on which the organisation’s AML/CFT programme is developed and implemented. The Insurance Commission and the Anti-Money Laundering Council in the Philippines emphasize its critical importance.

The Guidelines for the Conduct of Institutional Risk Assessment by the Insurance Commission on 21st August 2024 require all IC-regulated entities to conduct comprehensive and uniform institutional risk assessment for AML/CFT. 

Fintelekt’s virtual workshop on Money Laundering and Terrorist Financing (ML/TF) Institutional Risk Assessment in Insurance is designed to equip AML/CFT compliance professionals in the insurance sector in the Philippines with practical understanding to conduct thorough institutional risk assessments, prioritize risk mitigation measures, and demonstrate sound compliance practices to regulators effectively. Participants will gain insights into the specific ML/TF risks unique to the insurance industry, including risks arising from products, clients, delivery channels, and geographic exposure.