(MENAFN - Jordan Times) The Insurance Commission (IC) of Jordan recently organised a training programme entitled, "Combating Money Laundering in Insurance Activities", in the presence of 97 participants representing insurance companies.
Held in collaboration with the United States Agency for International Development, through its economic growth programme, SABEQ, the United States Department of Treasury, and the Anti-Money Laundering Unit, the training was attended by 97 participants representing insurance companies. The two-day programme aimed to promote awareness about money laundering in insurance activities and best practices to combat it. A number of issues were addressed in the programme, including money laundering and terrorist financing in insurance, common scheme red flags, risk-based guidance, compliance standards best practices, internal controls, trends and strategies, and anti-money laundering vulnerabilities.
Previously, the IC issued anti-money laundering instructions No. 3 in 2007, with the aim of maintaining the good reputation and credibility of the Jordanian insurance market. Since then, the IC has worked effectively to raise awareness about money-laundering crimes in insurance activities in order to present a clear picture of these crimes to the Jordanian market.
http://www.menafn.com/qn_news_story_s.asp?StoryId=1093196198
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