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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

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 individual account here: