BP INTERNAL TRAINING ON AML

In CIF form, which kind of information is approved as Market Practice.

Multiple options could be chosen

• UBO

• Tax code

• Fax number

• Legal Representative

• All above

AML Prescreening is required in which cases below.

Multiple options could be chosen.

• A new Coinsurer

• A new Agent

• A new Broker

• A new treaty reinsurer 

• A new Reinsurer

MKT provide CIF form but lacking of information.

What should a BP staff do.

• The lacked information is approved as Market practice, BP staff does not need to do anything. Booking could be processed as normal

• The lacked information is not approved as Market practice, BP staff does not need to do anything. Booking could be processed as normal

• The lacked information is approved as Market practice, BP staff needs to record in QMCL checking list and then booking could be processed as normal

Which are target policy/transaction that required pre-transaction screening by AML guideline.

Multiple options could be chosen

• Marine Cargo insurance

• Marine Cargo insurance (except inland cargo)

• Marine Hull insurance

• Property insurance with premiums of VND 2 billion or more

• All above

Following AML guideline V8.0, AML prescreening is compulsorily required in which cases below. Choose the correct answer

• Renewal of Annual Marine Cover (inland transit only)

• Renewal of Annual Marine Cover (Import/Export)

• A new Marine Open Cover with coverage (Import/Export)

• A new Marine Open Cover with coverage (inland transit only)

As per QMCL checking process, which cases below should be recorded in checklist in case of processing a Compulsory Fire and Explosion policy.

Multiple options could be chosen

• Occupancy code as per Decree 23 is not listed

• Sum Insured per location is separated

• List of assest is not provided by the time of policy issuing

• Rate for Voluntary and Compulsory part is breakdown

To follow AML guideline V8.0, BP staff is not required to cross check the manual screening result in which case below.

Multiple options could be chosen.

• Endorsement or cancellation leading to refund premium of a property policy with total premium of VND2 Billion or more

• Cancellation of a Public/Product liability policy with total premium of VND2 Billion or more

• Endorsement to reduce Buyer's limit that leading to refund amount of USD20,000 while the total premium of the policy is USD100,000

• Cancellation of P&I policy during POI. The total premium of this policy is USD 100,000

To follow AML guideline V8.0, BP staff should send email to CC the detail of policy holder to perform AML screening before booking in P400 system.

Multiple options could be chosen.

• A motor online policy  with premium of VND2 billion or more

• Home care online with premium of VND 2 billion or more

• MSIG Mediplus policy with premium of VND 1 billion or more

• SCB mortgagee policy with premium of VND 2 billion or more

MKT emails BP to request to create client code for a new Agent.

Which document is required.

• CIF

• AML prescreening result with no hit the santioned list

• Investment license

• All above

CIF (Client Identification Form) is compulsorily required in which cases below. Multiple options could be chosen

• A new individual client through Direct and Broker business

• A new corporate Client through Direct and Broker business

• A new Coinsurer through Direct and Broker business

• A new corporate Client through Agent business

• A new individual Client through Agent business