Nevis headquarters - Dubai representative office - Specialist treaty and facultative reinsurance
Financial crime controls
Summary of Global RE Overseas Ltd procedures for anti-bribery and corruption, anti-money laundering, sanctions controls, and fraud prevention.
Global RE states that employees are expected to follow its code of conduct, internal compliance policies, and applicable laws. Management and compliance functions are responsible for embedding these requirements into business processes.
The procedure identifies four key compliance risk areas connected to financial crime and sanctions violations.
The stated framework is built around policies, standards, processes, training, awareness, tools, monitoring, investigation, and reporting. Gifts, hospitality, due diligence, suspicious activity escalation, and sanctions controls are treated as controlled compliance processes.
The procedure describes Know Your Client checks, beneficial ownership review, documentation requirements, risk-based monitoring, suspicious activity reporting, and record keeping. Business relationships are reviewed for unusual activity, source-of-funds concerns, complex ownership, and sanctions exposure.
Global RE states that it maintains policies and procedures to prevent, detect, and respond to fraud, and to comply with applicable sanctions and international trade control requirements.
