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 inter-governmental body responsible for setting anti-money laundering ("AML") and counter-terrorist financing ("CFT") recommendations.

To read the Client Alert, click below;