Ministry of Finance vide notification bearing reference number: G.S.R. 745(E) dated October 17, 2023 amended the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. Highlights of the amendments are as follows: 1. Client Due Diligence (CDD)
The International Financial Services Centres Authority (IFSCA) vide reference number: F. No. 822/IFSCA/FATF-C/Legal/2022-23/02 dated October 12, 2023 issued a Circular on “Modifications under International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your
The International Financial Services Centres Authority (IFSCA) vide reference number: F. No. 822/IFSCA/FATF-C/Legal/2022-23/02 dated October 12, 2023 issued a Circular on “Modifications under International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your
IRDAI vide Circular bearing number IRDAI/IID/CIR/MISC/177/10/2023 dated October 10, 2023 has notified about the amendment to Master Guidelines on Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT), 2022. The amendments are as follows: After para 2.2, the following
IRDAI dated October 9, 2023 has issued Bima Vahak (BV) Guidelines in accordance with the powers conferred upon it. These Guidelines are known as “Insurance Regulatory and Development Authority of India (Bima Vahak) Guidelines, 2023” .
IRDAI vide Circular bearing no. IRDAI/IID/CIR/MISC/175/10/2023 dated October 9, 2023 has informed the insurers about the amendment to Circular dated April 19, 2023 wherein Order dated January 30, 2023 of Department of Revenue (DoR) specified the
IRDAI has uploaded the Industry statistics on the First year Premium for Life Insurers for the Financial Year 2023-24 Summary of the details are as under: New Business Statement of Life Insurers for the Period ended
IRDAI vide Circular number bearing IRDAI/ NL/CIR/GDL/176/10/ 2023 dated October 9, 2023 has notified about the amendment/modification of para 5.3A of Trade Credit Insurance (TCI) Guidelines. Guidelines on TCI were issued in September, 2021 to protect
IRDAI vide Circular bearing no. IRDAI/IID/CIR/MISC/175/10/2023 dated October 9, 2023 has informed the insurers about the amendment to Circular dated April 19, 2023 wherein Order dated January 30, 2023 of Department of Revenue (DoR) specified the
IRDAI vide Notice bearing no. IRDAI/SUR/EXAM/ON/DEC/2023 dated October 6, 2023 has issued a notice pertaining to instructions that are required to be followed before initiating the registration for the Surveyor. The highlights of the Instructions were