FINANCIAL SERVICES - Compliance: An insurance license threatened with revocation

The license of an insurance company, located in the capital, is threatened with revocation. This is what emerges from informed circles of financial services following an inspection carried out by the Financial Services Commission (FSC) for some time now. This insurance company is said to be in the sights of the sector regulator after violations were noted of the Insurance Act, the Financial Services Act, the Financial Intelligence and Anti-Money Laundering Act as well as the Anti-Money Laundering Regulations and the Code of Business Conduct.