TaxTMI 
TaxTMI 
FIU-IND and IRDAI sign MoU for enhanced coordination and information exchange
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....IU-IND and IRDAI sign MoU for enhanced coordination and information exchange <br>News and Press Release<br>Dated:- 7-1-2025<br><BR>The Financial Intelligence Unit-India (FIU-IND) and the Insurance Regulatory and Development Authority of India (IRDAI) signed a Memorandum of Understanding (MoU) as part of continued coordinated efforts in effective implementation of requirements of the Prevention of ....
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....Money Laundering Act and Rules framed thereunder, in New Delhi. The MoU was signed by Shri Vivek Aggarwal, Director, FIU-IND and Shri Satyajit Tripathy, Member (Distribution), IRDAI. According to the MoU, FIU-IND and IRDAI will cooperate with each other in the areas of mutual interest, including the following: * Appointment of a nodal officer and an alternate nodal officer by each party to the....
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.... MoU. * Sharing of relevant intelligence and information, available in their respective databases. * Laying down procedure and manner in which the regulated entities/ reporting entities report to FIU-IND under the PML Rules. * Conducting outreach and training for regulated entities /reporting entities. * Upgradation of AML/CFT skills in the regulated entities / reporting entities regulated....
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.... by IRDAI. * Assessment of Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) risks and vulnerabilities in insurance sector. * Identification of red flag indicators for Suspicious Transaction Reports (STRs) in insurance sector. * Supervising and monitoring the compliance of regulated entities / reporting entities with their obligations under PMLA, PML Rules and IRDAI Guidelines....
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..... * Compliance with each other's obligations under the relevant international standards. * Conduct of quarterly meeting to discuss the above in addition to typologies/trends in AML/CFT crimes, cases where sanctions have been imposed etc.<BR> News - Press release - PIB....