Regulatory Alerts2017-09-27
Regulations amending Finansinspektionen’s regulations regarding insurance business (FFFS 2017:15)
Finansinspektionen issued regulations amending Chapter 2, Section 6 of its insurance business rules to strengthen anti-money laundering requirements for life insurers. The amendments mandate that insurance undertakings include specific descriptions of their money laundering and terrorist financing procedures in their schemes of operations. Additionally, insurers must disclose the identity of the intended key function holder responsible for these compliance measures, with the rules entering into force on 1 August 2017.
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