Insurers: FATF standards need clarity, are too focused on banks

Insurers complain FATF standards too focused on banks

Insurers from around North America, South America and Europe have demanded more clarification on proposals from the Financial Action Task Force (FATF) as part of its recently closed review on standards.

The consultation on principles of combatting money laundering and terrorist financing from FATF closed on January 7 prior to the beginning of the fourth round of mutual evaluations.

However, the International Network of Insurance Associations (INIA), which represents five national and internation

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: