Bermuda subsidiary of large re/insurer fined $1.7m for 'serious' breach

13-08-2021

Bermuda subsidiary of large re/insurer fined $1.7m for 'serious' breach

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The Bermuda Monetary Authority (BMA), the integrated regulator of the financial services sector on the island, has imposed a $1.7 million fine on the Bermuda subsidiary of a leading global re/insurer.


BMA, Allianz, Fine, Anti-Money Laundering, Anti-terrorist Financing, Regulations, Insurance, Reinsurance, Bermuda

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