Developing a risk-based approach to AML & sanctions programs is essential for insurers and reinsurers in today’s complex regulatory landscape. Companies must be vigilant in identifying and mitigating money laundering and sanctions risks while efficiently allocating resources. Effective risk-assessment strategies are critical to achieving compliance and protecting the integrity of the insurance industry. During this panel, we will discuss key considerations:

• Implementing a robust Customer Due Diligence (CDD) process
• Utilizing advances data analytics tools to monitor transactions
• Fostering a culture of compliance within the organization
• Encouraging a proactive approach to risk identification and reporting