Webinar: Why the Insurance Sector Can’t Ignore FRAML

With the Financial Conduct Authority (FCA) increasing its focus on compliance in the insurance sector, understanding and adhering to regulatory expectations has never been more crucial. The FCA’s recent actions against fraud and financial crimes highlight the urgent need for robust compliance frameworks.

FRAML, which combines fraud prevention and anti-money laundering (AML) units, has become a vital concept for firms within the insurance sector. This integration strengthens risk management and improves operational efficiency.

Join our webinar to gain insights on the FCA’s requirements for combating Fraud and Money Laundering, Terrorist Financing in the insurance sector. We will discuss ways to enhance your compliance strategies, consider various real-life case studies and suggest how to develop a robust compliance framework. Secure your spot now and fortify your firm’s defences against regulatory penalties and financial crimes.

Who is this webinar for?

This webinar is tailored for firms across the insurance industry’s diverse segments. Whether you represent a General Insurance firm, a Life Insurer, or operate within the supply chain, understanding the nuances of AML regulations is crucial. Our team of specialists will guide you through the intricacies of AML compliance within the insurance sector, providing valuable insights for all stakeholders.

Join us to delve into:

1. The truth about the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and its impact on the Insurance sector;
2. The intricate link between fraud and money laundering under the umbrella term of FRAML;
3. Tactical solutions to addressing the FCA’s expectations and fortify your fraud and AML framework.

Details:

Date: 30th April 2024

Time: 11am (GMT)

Platform: Zoom – Live Online

Duration: 60 Minutes

Speakers

Anne Green – Speaker

Subject Matter Expert, Strategic Partner – Complyport

Nicola Christofides – Speaker

Assistant Director – Complyport

Paul Grainger – Moderator

Chairman of Complyport

Click the botton below to register.