The Monetary Authority of Singapore fined Swiss Life and three banks for inadequate anti-money laundering and counter-terrorist financing controls, but found no evidence of willful misconduct.
Reports claim that Tokio Marine, Sompo, Mitsui Sumitomo, and Aioi Nissay Dowa conspired to offer fire insurance premiums which were significantly different from past policies.
The Monetary Authority of Singapore (MAS) has issued a five-year prohibition order against six former agents of Great Eastern Financial Advisers, who were convicted for tax evasion offences. The six were...
Three members left the NZIA in April; seven more followed suit this week, with Republican anti-trust pressure raising serious doubts about the Alliance's viability.
The ex-agent was barred for three years. Their offence predates current regulatory regime, which has a maximum penalty of HK$50,000 and six months imprisonment.
