Insurers challenge Bahamas' government over anti-money laundering rules

Emmanuel Komolafe, chairman of the Bahamas Insurance Association, said that the government's proposal to define property/casualty insurers as financial institutions under the Financial Transactions Reporting Bill could increase the industry's costs and impact premium prices.
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Insurers challenge Bahamas' government over anti-money laundering rules was originally posted by ClaimsMate.com Insurance Information Resources