Best Practice Tip: New SAR Reporting Form The Financial Crimes Enforcement Network Prepare has a new Suspicious Activity Report form for insurance companies that should be used starting June 30, 2007....
Now may be a good time to review how well your anti-money laundering program is working.Programs must have been in place since May 2, 2006 – which means that Treasury’s first round of compliance audits could occur this year....
The compliance function at RenaissanceRe will be reviewed as part of a $15 million settlement that the reinsurer made last week with the SEC. It resolves allegations that RenRe used a sham reinsurance transaction to smooth out the earnings it reported in its financial statements for 2001 and 2002....
State Senator Named S.C. Commissioner A state senator with insurance experience in the private sector and in the legislature is the new director of the South Carolina insurance department....
Compliance professionals should consider adopting some of the suggestions for dealing with a pandemic flu outbreak issued recently by the Occupational Safety & Health Administration....
Are you satisfied with your paycheck? Is it all it can be? Compare your salary and benefits by participating in ICI’s survey – the only compensation report and analysis developed specifically for insurance compliance professionals....
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