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NEWS: Hong Kong-based multinational AIA Group hit with record $2.9m fine for AML failings

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Hong Kong Money laundering hub
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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

By Paul O’Donoghue

THE Hong-Kong based AIA Group, the largest publicly listed life insurance group in Asia-Pacific region, has been ordered to pay a penalty of HK$23 million ($2.9 million) due to several AML issues.

The fine is the largest by Hong Kong’s Insurance Authority since the watchdog took over regulation of insurance companies from 2017.

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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

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