ISLAMABAD: The eligible insurance companies and insurance intermediaries to be registered with the Securities and Exchange Commission of Pakistan (SECP) have to declare that their sponsors, promoters, ...

Anti-money laundering is often mistaken as a secondary consideration to fraud in the insurance sector when it comes to financial crime. The pervasive view is that insurance companies are less likely ...

MUMBAI, India, May 23, 2024 /PRNewswire/ -- Star Health and Allied Insurance Company Ltd (Star Health Insurance), India's largest retail health insurance company, has been awarded 'Best AML Program ...

The Securities and Exchange Commission of Pakistan (SECP) has ensured that all insurance/takaful companies and insurance brokers should comply with the provisions of the Anti-Money Laundering Act, ...

The weakest link. That’s the new perception of the insurance industry in the battle against money laundering. Recently, the industry and regulators have been waking up to the fact that significantly ...

Piie to implement ThetaRay AML tech for insurance payments ThetaRay, a leading provider of AI-powered transaction monitoring technology, and Piie, Inc., an insurtech providing an intelligent payment ...

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has imposed a financial penalty of US$486,000 (AED 1,784,835) on a licenced money service provider operating in ...