Requirements for direct life insurers to exercise due diligence and conduct their business with high ethical standards, to guard against money laundering and terrorism financing.
Notice 123 Reporting of Suspicious Activities and Incidents of Fraud
Requirements for insurers to report suspicious activities and incidents of fraud.
This notice requires all licensed insurers to report to MAS suspicious activities and incidents of fraud which are material to the safety, soundness or reputation of the licensed insurer.
There are no amendment notes for this notice.