In May 2026, regulators in Hong Kong and Mainland China intensified scrutiny of forged documents and suspicious cross-border fund flows. This article assesses the resulting risks for insurance brokers and outlines practical controls for document verification, customer due diligence and management accountability.
Phase 3A of the cross-industry background checking arrangements was announced in May 2026 and took effect on 1 July 2026. This article explains the scope, procedures and compliance implications for insurance brokers when hiring or responding to background-check requests.
The proposed 2026 amendments strengthen obligations for reporting financial institutions under AEOI. This article explains why Yu Fung Broker is not a reporting financial institution and how tighter insurer controls may still affect client onboarding and documentation.
The revised GL16 and related FNA standards introduced new underwriting and financial-needs-analysis requirements in 2026. This article summarises the key changes and their practical impact on insurance intermediaries.
