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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: Europol says AI facial recognition technology could help stop ATM scams

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NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

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: Europol says AI facial recognition technology could help stop ATM scams

 Premium

NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

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