martindale.com
Legal Library
|
Financial Action Task Force Adopts AML Guidance for the Life Insurance Industry
|
November 5, 2009
Previously published on October 28, 2009
New international guidance ("Guidance") aimed at applying a risk-based approach to combating money laundering ("ML") and terrorist financing ("TF") in the life insurance industry was adopted at the October 2009 Plenary Session of the Financial Action Task Force ("FATF"), the intergovernmental body responsible for setting anti-money laundering ("AML") and counter-terrorist financing ("CFT") recommendations. The Guidance...was developed by the FATF in close consultation with private and public representatives from the life insurance industry, including the American Council of Life Insurers and several large U.S. and international insurance carriers.
|
The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
Practice Area Resource Centers
|
|
RSS | Blog | Advertising Opportunities | Site Map | Contact Us