BMA Suspicious Activities Reporting

On Dec. 6, BMA issued suspicious activities reporting requirement.

  • Issued to confirm the reporting requirements for the Dec. 31, 2018 submission.
  • All long-term insurers are required to complete the Schedule of Suspicious
    Activity Reporting and Sanctions (indicated in the BSCR model as SAR & Sanc.)
  • Insurers that write in force direct long-term business are to complete Schedule
    of Anti-Money Laundering and Anti-Terrorist Financing (indicated in BSCR model).