#1
6th May 2016, 02:30 PM
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IRDA Master Circular
Hello sir, I am Subhash. I am from Mumbai. I want you to help me by providing me with the Mater Circular for Anti‐Money Laundering/ Counter‐ Financing of Terrorism (AML/CFT) released by Insurance Regulatory and Development Authority (IRDA). Can you help me?
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#2
6th May 2016, 02:57 PM
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Re: IRDA Master Circular
As you have asked about the Mater Circular for Anti‐Money Laundering/ Counter‐ Financing of Terrorism (AML/CFT) released by Insurance Regulatory and Development Authority (IRDA), I am giving you information about it, check below for the details The master circular contains following contents Background: What is Money Laundering? AML/CFT Program Internal policies, procedures, and controls: Know Your Customer (KYC) Norms What are KYC Norms? When should KYC be done? i Knowing New Customers ii Knowing Existing Customers iii KYC on Ongoing Basis KYC and Risk Profile of the Customer Products to be covered: Sources of Funds: Verification at the time of redemption/ surrender Reporting Obligations: i Suspicious Transactions Reports: ii Monitoring and Reporting of Cash Transactions iii Reporting of receipts by NonProfit Organisations iv Reporting of Counterfeit Currency/Forged Bank notes (CCR): Implementation of Section A of UAPA Record Keeping IRDA Master Circular For more, you can refer to the attached file |