Archive: Feb 2014

Independent Insurance Brokers face new Fintrac Requirements

20th Feb 2014

IFB Staff

Independent Insurance Brokers face new Fintrac Requirements

Susan Allemang, IFB’s Director of Policy & Regulatory Affairs was recently interviewed by Investment Executive on new anti-money laundering requirements affecting independent life insurance brokers.  These increased requirements will place brokers at greater risk of being found to have deficiencies during a Fintrac audit and which, in turn, could lead to financial penalties. To read the article, click here: http://www.investmentexecutive.com/-/insurance-new-rules-for-reps?redirect=%2Fsearch

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