Etiqa Offshore Insurance (L) Ltd

Internal Audit & Compliance

Keeping track and understanding the implication of regulatory changes to your operation can be a daunting task, especially to those who are unfamiliar with the local legislations.

At Etiqa Offshore, we place high level importance in keeping track of changes and ensuring we get clear interpretation from the relevant regulatory bodies. This is critical in ensuring that our clients are well-informed in evaluating the potential implications in order for them to make sound decisions in the best interest of the corporation.

Types of Services

Internal Audit Services
Our services include conducting an internal audit exercise annually including reporting to our client’s Board of Directors and submission to the Labuan Financial Services Authority (LFSA). The scope of the audit should cover the minimum audit standards of Labuan insurance-related companies required by the LFSA, such as accomplishment of established objective and goals, evaluation and appraisal of system of internal control, compliance with laws, rules and regulations, policies and procedures, guidelines and directives, adequacy and effectiveness of risk management system, economical, effective and efficient utilisation of resources, investment, and information system.
AML Independent Audit Services
Our services include covering Anti-money Laundering & Counter Terrorism Financing (AML/CFT) assessments on the compliance and effectiveness of the AML/CFT policies, procedures, and control, as well as assessing current measures with the latest developments and changes to the relevant AML/CFT requirements.
Compliance Function Services
We offer a wide range of compliance functions ranging from Compliance with Labuan Laws, Regulations, and Guidelines, to preparation and submission of Compliance Report in adherence to the Compliance Function Guideline issued by the LFSA.