Specialist treaty and facultative reinsurance
Financial crime controls
Our approach to anti-money laundering, countering the financing of terrorism, sanctions, anti-bribery and corruption, and fraud prevention.
Global Re Overseas Ltd. is committed to conducting its business in accordance with applicable laws and regulatory requirements relating to financial crime. Employees are expected to comply with applicable laws, the Company's Code of Conduct and relevant internal compliance policies and procedures.
As a regulated reinsurance business in Nevis, Global Re Overseas Ltd. is subject to applicable financial crime laws and regulatory requirements, including requirements relating to anti-money laundering and countering the financing of terrorism. The Company's financial crime compliance framework is maintained having regard to applicable legislation and regulatory requirements.
The procedure identifies four key compliance risk areas connected to financial crime and sanctions compliance.
Global Re Overseas Ltd. maintains a risk-based financial crime compliance framework designed to identify, assess, manage and monitor relevant financial crime risks. The framework includes appropriate policies, procedures, due diligence, training, monitoring, escalation and reporting arrangements.
Global Re Overseas Ltd. applies risk-based customer and counterparty due diligence measures, including identification and verification measures and, where applicable, beneficial ownership checks. Business relationships are subject to appropriate ongoing monitoring and screening in accordance with applicable legal and regulatory requirements and the Company's internal policies.
The Company maintains appropriate arrangements for the escalation and reporting of suspicious activity in accordance with applicable legal and regulatory requirements.
Global Re Overseas Ltd. maintains policies and controls designed to address applicable sanctions, anti-bribery and corruption, and fraud risks. These measures form part of the Company's broader financial crime compliance framework.
