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Hong Kong slaps AIA with record fine for anti-laundering lapses

Hong Kong slaps AIA with record fine for anti-laundering lapses

by AIP Online Bureau | Aug 2, 2024 | International News, Life, Regulation, Risk Management

The lapses resulted in some customers who were “politically exposed persons” failing to be picked up during the screening process. That led to delays in identifying their source of money and wealth, it added. However, no policies were sold to clients who should not...
Odisha train accident: Inquiry finds multi-level lapses, says reporting past red flags could have averted tragedy

Odisha train accident: Inquiry finds multi-level lapses, says reporting past red flags could have averted tragedy

by AIP Online Bureau | Jul 3, 2023 | Disaster & Management, Indian News, Risk Management, Technology

The accident on June 2 resulted in the deaths of 292 people and over 1000 were injured The CRS report has also said that the initial response to such a disaster should be faster an advised the Railways to review the system of disaster-response in the zonal railways...

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