Legal Compliance

KGI Life submits and implements a compliance plan annually, reviewing inherent risks, control effectiveness, and residual risks across all departments through risk assessments. We strengthen audits and optimize processes in high-risk departments. The Company also utilizes a regulatory change management system to establish standardized review processes, ensuring operational and internal standards are kept up-to-date with regulations.

Regular cross-departmental meetings are held to discuss compliance issues and share industry case studies to enhance risk awareness. The compliance department also proactively participates in the planning of new products and services, providing timely compliance feedback. Through education, training, and self-review, we mitigate compliance risks and ensure continuous improvement of the system.

To continuously deepen its sustainable management efforts, the Company provides training and awareness-raising activities for various audiences on topics such as emerging financial regulation related to the application of artificial intelligence, employee confidentiality obligations, treating customers fairly principles, integrity management, financial consumer protection, personal data protection, stakeholder transactions, the Foreign Account Tax Compliance Act (FATCA), Regulations Governing the Implementation of the Common Standard on Reporting and Due Diligence for Financial Institutions, analysis of industry penalty cases, and an overview of newly revised laws and self-regulatory rules. Post-training assessments are also provided to reinforce the effectiveness of these trainings.

To strengthen our sales agents' awareness of compliance and enhance their commitment to integrity management and anti-corruption codes of conduct, the Company requires our sales agents to comply with laws and regulations when soliciting business and providing services.