Introduction to Regulatory Framework & Compliance

The topics in this course explains the fundamentals in governance, risk management, the compliance and regulatory framework for insurance business, the financial crime and internal control management; as well as the importance of the Regulatory Compliance in the existence and growth of businesses.

Recommended for

  • New entrants in the industry
  • New entrants to the Insurance Service Provider – Brokers, Adjusters and Third-Party Administrators
  • Non-insurance personnel
  • Any persons requiring basic knowledge of insurance regulatory framework and compliance

10 - 11 April 2023
9.00 a.m. - 4.00 p.m.

Method: Virtual Learning
CPD Hours: 11
Registration Closing Date:
7 April 2023

About the trainer:


Mr Wong Eng Yew graduated from Universiti Malaysa (UM) with a Bachelor of Business Administration and has more than 30 years of experience in insurance. His experiences include Risk Management, Liability and Compliance.

Mr Wong is also an examiner and part-time lecturer at The Malaysian Insurance Institute (MII) for Certificate and Associate subjects since 2008. He lectures on subjects related to Insurance Law, Risk Management, Liability, Claims Practice, and Claims Management.

Course Outline
Day 1
  • Overview of Insurance Business in Malaysia
  • Conducting Insurance Business in Malaysia
  • Licensing and regulating Insurance Businesses – FSA/IFSA 2013
  • Principles, codes, and rules on GRCC for Malaysian Insurance Businesses
  • Insurance & Shariah Frameworks on GRCC
  • Compliance and Regulatory Frameworks for Insurance Businesses
Day 2
  • Financial crimes in Insurance Businesses and Internal Control Management
  • Overview of AML/CFT Law
  • Overview of Anti-Bribery and Corruption Laws and Regulations
  • Overview of Personal Data Protection Act
  • Overview of Foreign Account Tax Compliance Act (FATCA)
  • Ethics governing conduct of Insurers and Intermediaries
  • Conduct of Employees – Ethics, Assessment, and Training

Contact Info

The Malaysian Insurance Institute 197701004772 (35445-H),
Level 6, Bangunan AICB,
No. 10 Jalan Dato’ Onn,
50480 Kuala Lumpur, Malaysia 

Tel : +603 2712 8882

Email :

Customer Service Virtual Office: Open from 10:00 a.m. to 12:00 p.m., Mon-Fri

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