IRDAI had issued Master Guidelines on AML/CFT for General insurers and Life insurers in 2013 and 2015 respectively. Subsequently, multiple circulars had been issued on the subject.
In order to consolidate and update guidelines on AML/CFT, a single Master Guidelines covering provisions of PML Act, Rules and other applicable norms (as amended from time to time) is issued.
The guidelines are applicable to all classes of Life, General or Health insurance business.
The guidelines will come into force from 1st November 2022.
