To enhance the CDD requirements for offshore insurance units (“OIUs”) and prepare for Asia/Pacific Group on Money Laundering (APG) evaluation the FSC promulgated amendments to the Regulations Governing Offshore Insurance Branches on August 18, 2017. The main points of the amendments include strength of the CDD measures of OIU, stipulation of the process for a third party assisting OIU with CDD measures, stipulation that an OIU accepting insurance applications and doing business with customers must not solicit or assist domestic customers to change their status to non-residential status when they apply for insurance, and that a related internal control system should be established.