iifl-logo-icon 1
iifl-logo-icon 1
iifl-logo-icon 1
Home
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

IRDAI may tighten anti-money laundering framework in the context of insurance

2 Aug 2022 , 10:12 AM

Anti-money laundering regulations in the context of insurers are set to be tightened by the insurance regulator.
The regulations released to update and consolidate anti-money laundering regulations replace the several regulations established in 2013. The primary modification is the elimination of corporate exclusions and waivers from the rules. Therefore, no life, general, or health insurer may request any exceptions from the Reserve Bank of India's money-laundering regulations.

The Insurance Regulatory and Development Authority has also made the degree of risk assessment a function of the firms' company sizes.Consequently, "the frequency of executing anti-money laundering and counter funding of terrorism programme review, compliance audit, and risk assessment (must) not be fixed but depends upon risk exposure by the insurer."
The regulations are being prepared by the regulator in order to allow more domestic financial sector enterprises and international corporations to enter the market. Regarding these hazards, every regulator in the world is increasing the standard.

Related Tags

  • economy
  • India
  • news
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Indian markets notch fresh record highs

Indian markets notch fresh record highs

Whatsapp
Facebook
Twitter
LinkedIn
25 Apr 2024|04:39 PM
Kotak Fixed Maturity Plan Series 330 - 98 Days NFO: Essential details you need to know

Kotak Fixed Maturity Plan Series 330 - 98 Days NFO: Essential details you need to know

Whatsapp
Facebook
Twitter
LinkedIn
25 Apr 2024|02:00 PM
Dalmia Bharat Q4 profit dips 46.5% y-o-y

Dalmia Bharat Q4 profit dips 46.5% y-o-y

Whatsapp
Facebook
Twitter
LinkedIn
25 Apr 2024|03:11 PM
LTIMindtree March quarter profit down y-o-y 1.2%

LTIMindtree March quarter profit down y-o-y 1.2%

Whatsapp
Facebook
Twitter
LinkedIn
25 Apr 2024|04:30 PM
RITES' stock price up by more than 1% today

RITES' stock price up by more than 1% today

Whatsapp
Facebook
Twitter
LinkedIn
25 Apr 2024|04:28 PM
Read More
Marketplus
Derivativesplus
IPOplus
Mutual Fundsplus
Calculatorsplus
Nifty 50plus
Companyplus
Loansplus
Knowledge Centerplus
Newsplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Marketplus
Derivativesplus
IPOplus
Mutual Fundsplus
Calculatorsplus
Nifty 50plus
Companyplus
Loansplus
Knowledge Centerplus
Newsplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

About
IIFL Group
Products & Services
Trading Documentation
Useful Links
ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.