<h1>India's IRDAI Joins Global Insurance Supervisors' MMoU for Enhanced Cooperation and AML/CFT Oversight.</h1> The Union Cabinet, led by the Prime Minister, approved the Insurance Regulatory and Development Authority of India's (IRDAI) membership as a signatory to the International Association of Insurance Supervisors (IAIS) Multilateral Memorandum of Understanding (MMoU). This global framework facilitates cooperation and information exchange among insurance supervisors. With the growing integration of financial markets and international insurance companies, the MMoU provides a formal basis for mutual cooperation and supervision, including oversight of insurance intermediaries under Anti Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations, surpassing existing bilateral agreements.