Financial crime

Overview

Financial crime risks facing the insurance industry arise from sanctions, money laundering and terrorist financing, bribery and corruption, fraud, market abuse / insider dealing, and facilitation of UK and foreign tax evasion. Lloyd’s supports the market by providing guidance relating to compliance with relevant financial crime legislation and regulation.

Market participants can access guidance in Lloyd’s market bulletins and Compliance Officer e-alerts relating to actions they should take to manage financial crime risk and other best practice recommendations.

Guidance

Sanctions

Information relating to compliance with UK and international sanctions.

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Money laundering, terrorist financing and nuclear proliferation

Compliance information and reporting responsibilities of market participants.

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Bribery and Corruption

Information on bribery and corruption offences and guidance on how organisations can mitigate risk of associated persons engaging in bribery.

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Fraud

Guidance for market participants to prevent associated persons from committing fraud.

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Facilitation of tax evasion

Guidance for market participants on their responsibilities to prevent the facilitation of tax evasion.

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Market abuse/ insider dealing

Information on market participants’ duty of confidentiality and reporting obligations.

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Supporting information

Delegated authority guidance

Detailed guidance in relation to managing financial crime risk in delegated authorities.

Market bulletins

Find information relating to actions market participants should take to manage financial crime risk and other best practice recommendations.

Compliance officer e-alerts

Explore our archive of regulatory e-Alerts relating to actions market participants should take to manage financial crime risk and other best practice recommendations.