https://www.taxtmi.com/news?id=29614 A Memorandum of Understanding establishes cooperation for enhanced anti-money laundering and combating financing of terrorism between the financial intelligence unit and the insurance regulator, including intelligence and database information sharing, agreed procedures for reporting under the Prevention of Money Laundering Rules, designation of nodal officers, joint outreach and training, sectoral AML/CFT risk assessment, identification of red-flag indicators for Suspicious Transaction Reports, supervisory monitoring of regulated entities, and quarterly meetings to review typologies and sanctions. en-us Tue, 07 Jan 2025 09:54:20 +0530 Tue, 07 Jan 2025 09:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=29614 A Memorandum of Understanding establishes cooperation for enhanced anti-money laundering and combating financing of terrorism between the financial intelligence unit and the insurance regulator, including intelligence and database information sharing, agreed procedures for reporting under the Prevention of Money Laundering Rules, designation of nodal officers, joint outreach and training, sectoral AML/CFT risk assessment, identification of red-flag indicators for Suspicious Transaction Reports, supervisory monitoring of regulated entities, and quarterly meetings to review typologies and sanctions. News - Tue, 07 Jan 2025 09:54:20 +0530 https://www.taxtmi.com/news?id=29614