The reactive nature of the insurance market to worldwide incidents and regulatory change means that Lloyd's must be vigilant to all matters that impact insurance in general and specifically Lloyd's.
The International Regulatory Risk team (IRR) monitor, track and collate information on active and pending legislation regarding financial crime, international sanctions and regulatory risk. The information collated allows IRR to give advice and guidance to market participants so they can make fully informed decisions.
IRR is also charged with investigating financial crime that could impact the Corporation and the Lloyd's market. In addition, it assesses the impact of regulatory requirements and/or legislation relating to financial crime such as fraud, bribery, money laundering, international sanctions and export control legislation in order to provide guidance to managing agents.
For further information, please contact email@example.com.