With the recent release of Insurance Commission (IC) Circular Letter 2018-48 and 2018-60 that took effect November 14 & 22, 2018, all insurance, pre-need, reinsurance companies, mutual benefit associations, trusts for charitable uses, HMOs and other covered persons (agents, brokers, etc.) and institutions regulated by Insurance Commission (IC) are required to implement detailed policies and procedures that will combat money laundering and terrorism financing. With the clamor of many insurance companies to be fully compliant and to provide a mandatory training for all its officers and employees, the Center for Global Best Practices will host a special program entitled, AMLA for Insurance Companies and Financial Institutions to be held on Thursday, January 31, 2019 at the Manila Marriott Hotel, Pasay City, Philippines. This program coincides with the Anti-Money Laundering Council’s Revised IRR on Anti-Money Laundering Act which took effect on November 22, 2018 ...
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