5th July 2022 – (Hong Kong) The Independent Commission Against Corruption (ICAC) today (5th) charged two former insurance agents of Chubb Life Insurance Company Ltd in separate cases for disguising as “proxy insurance agents” for conspiracy to launder the proceeds of crime between May 2019 and August 2020. Both of them joined Chubb Life at the end of June 2019. The 2 persons aged 44 and 27 respectively were suspected of conspiring with others to falsely claim to Chubb Life that they handled several insurance policies and received commissions and bonuses totalling more than HK$1.2 million. They transferred most of the money to those who recruited them to participate in related activities. The two have been released on ICAC bail and will appear at Eastern Magistrates’ Courts on Thursday (7th). Corruption investigations are still ongoing, and the ICAC does not rule out further enforcement actions.
Two defendants were each charged with one count of conspiracy to deal with property known or believed to represent the proceeds of an indictable offence.