Insurance Board Urges Companies to Implement Strategic Plan to Curb Money Laundering

Jan 08, 2020 01:07 PM Merolagani

Insurance Board has directed insurance companies and insurers’ association to implement strategies and task plan in a bid to curb money laundering and financing of terrorism

The board directed the insurance sector to effectively implement the strategic plan as per the responsibility assigned to the sector.

The board believes that the implementation of the strategic plan will help to evaluate sector wise risk, identify risky areas, curb money laundering and financing of terrorism through insurance sector.

 


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