DATA ON AML/CFT GUIDELINES
CIRCULAR NO. IRDA/SDD//GDL/CIR/79/04/2013, DATED 22-4-2013
Insurance Sector has entered into the seventh year of effective AML/CFT regime. At this juncture, there is a felt need to capture certain information on AML/CFT matters on a regular basis.
Accordingly, data considered relevant from the perspective of AML/CFT guidelines, as per the prescribed forms shall be submitted to the Authority on a quarterly basis:
♦ Form 1: Details of Compliance Officer for AML/CFT guidelines
♦ Form 2: Data to be submitted by Life Insurance Companies
♦ Form 3: Data to be submitted by General Insurance Companies
The timelines for submission of data is as under:
1. Form 1 and 2 shall be furnished by Life Insurance Companies within 15 days of the end of every Quarter
2. Form 1 and 3 are to be furnished by General Insurance Companies within 15 days of the end of every Quarter
Soft copy of the data shall be mailed to [email protected] and [email protected]; the hard copy of the same duly signed by the Principal Compliance Officer for AML/CFT guidelines shall be sent separately.
The circular is effective from the quarter ending 30th June 2013.
