The GFSC has issued a consultation paper seeking views from interested parties on proposed amendments to the Insurance Business (Solvency) Rules, 2015. The proposed amendments would introduce a “Green Discount”, which would reduce the capital requirements applicable to the green fixed income assets of life insurers. Additional measures would be put in place to ensure …
In September the Commission ran interactive sector-specific workshops to assist firms in developing their mitigation of the money laundering (“ML”) and terrorist financing (“TF”) risks to their business. The Commission representatives provided an overview of the inherent ML and TF threats to each sector, interspersed with case studies covering business risk assessments and customer risk …
The Commission wishes to remind all financial services businesses and prescribed businesses (with the exception of personal fiduciary licensees) that the Financial Crime Risk Return (“the Return”) is due for submission by 31 October 2020. The Return can be found here. Further guidance and information on the Return is available here. For further information or guidance …
