Press Release by the Bermuda Monetary Authority announcing that it has imposed “civil penalties” totaling $1.7 million on Allianz Life Bermuda Limited for regulatory breaches, including the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing Supervision and Enforcement) Act 2008, and that the company has agreed to go into liquidation. Editor’s Note: Research by OffshoreAlert showed that, on the Allianz Group’s website, the address for Allianz Life Bermuda Limited is given as “105, Allianz SNA Bldg 56, Jisr el Bacha Hazmieh Beirut, Lebanon P.O.Box: 16-6516”.
- Allianz Life Bermuda Ltd.: $1.7M Fine
Bermuda Bermuda Monetary Authority (BMA) Documents Germany Insurance Lebanon Liquidations & InsolvenciesAugust 12, 2021
TopicsBermuda Germany Insurance Lebanon Liquidations & Insolvencies
KeywordsAllianz Life Bermuda