IAIS: Guidance paper on anti-money laundering and combating the financing of terrorism

07 October 2004

The paper explains the vulnerability of the insurance sector with respect to money laundering and terrorist financing and provides case studies on money laundering. It presents measures and procedures to control these risks, including customer due diligence. It also provides guidance to the supervisor in monitoring compliance with AML/CFT standards and stresses the need for cooperation with other organisations involved in AML/CFT.

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