<h1>FIU-IND and IRDAI Sign MoU to Boost Coordination and Info Exchange on Anti-Money Laundering Efforts in Insurance Sector.</h1> The Financial Intelligence Unit-India (FIU-IND) and the Insurance Regulatory and Development Authority of India (IRDAI) have signed a Memorandum of Understanding (MoU) to enhance coordination and information exchange regarding the Prevention of Money Laundering Act. The agreement includes appointing nodal officers, sharing intelligence, establishing reporting procedures, conducting training, and upgrading AML/CFT skills. It also involves assessing risks in the insurance sector, identifying red flag indicators, and ensuring compliance with relevant standards. Quarterly meetings will be held to discuss trends and compliance issues in anti-money laundering and combating financing of terrorism efforts.