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AML GUIDELINES
Irdai issues draft anti money laundering rules for selling insurance policiesInsurers have the responsibility for guarding against insurance products and services being used to launder unlawfully derived funds or to ...01 Jun, 2022, 08.15 PM IST- Govt seeks anti-money laundering compliance info from brokersAmid the crack down on shell companies, the Finance Ministry has sought detailed information with respect to stock brokers.06 Jun, 2017, 08.25 PM IST
- RBI slaps penalty on UCO Bank, Allahabad Bank, Bank of IndiaUCO Bank in a BSE filing said that RBI has "imposed a penalty" of Rs 2 crore on the Bank on account of "few lapses in adherence to KYC/AML ...26 Jul, 2016, 08.28 PM IST
- RBI imposes Rs 1 crore penalty on Dhanlaxmi BankThe penalty was levied for violation of RBI guidelines on Know Your Customer and Anti Money Laundering standards.05 Nov, 2015, 02.06 PM IST
- New base rate based on marginal costs could push banks to revise rates at a speedier pace: BoAMLThis will be particularly the case for banks with high base rates (the rate below which banks cannot lend), says BoAML.03 Sep, 2015, 04.19 PM IST
- Comply with anti-money laundering norms: Irda to LIC, ICICI PrudentialIrda today directed Life Insurance Corporation and ICICI Prudential Life Insurance to comply with Anti-Money Laundering guidelines.21 Jan, 2014, 08.53 PM IST
- IRDA to Birla Sun Life Insurance: Notice origin of funds by policyholdersInsurance regulator IRDA has asked Birla Sun Life Insurance to adopt effective procedure to know source of funds by policyholders.19 Jan, 2014, 11.43 AM IST
- Black money risks remain at casinos; post offices safe: FATFAfter deficiencies were pointed out by FATF in 2010, the Indian authorities set up a Casino Sector Assessment Committee to look into the is...26 Jun, 2013, 02.37 PM IST
- RBI cracks the whip over KYC lapses, to seek explanation from banks“We had launched an investigation and the deficiencies have been conveyed to the chief executive officers of those banks, said RBI governor...04 May, 2013, 06.39 AM IST
- Gujarat accounts for 6% of India's dubious bank transactionsGujarat has generated the fourth highest no of reports relating to dubious banking transactions in the last 4 financial yrs.02 Nov, 2011, 12.41 PM IST
- RBI fines 48 banks for violation of KYC, AML norms in six monthsIn the first six months of 2011, the apex bank has slapped penalties on 48 erring banks, mostly co-operative, as compared to just 15 such a...11 Jul, 2011, 02.06 AM IST
- Cooperative banks penalised for violating RBI normsThe Reserve Bank of India has penalised three cooperative banks in Gujarat with non adherence to RBI norms out of which two have also been ...07 Mar, 2011, 06.19 PM IST
- Follow KYC norms to check terror funding; RBI to coop banksMany a times the address and contact details of such mules are found to be fake or not up-to-date, making it difficult for enforcement agen...27 Dec, 2010, 10.31 PM IST
- Regulator wants to keep a track of fund sourceInsurance regulator Insurance Regulatory and Development Authority (IRDA) has decided to crack down on insurance companies that help policy...05 Mar, 2009, 01.34 AM IST
- Irda tells insurers to be strict on identity proofsInsurance regulator Irda has made it clear that there should be "no dilution" of documents required for identity and proof of residence of ...28 Sep, 2006, 06.20 PM IST
- Play by the rule bookKnow your customer norms in the insurance sector are meant to check money laundering, but they are not perceived to be customer-friendly. I...01 Sep, 2006, 12.00 AM IST
- Despite blasts, terror cover got cheaperThe Mumbai blasts may have heightened the terror risk in India, but for insurance buyers terrorism cover will soon cost less.28 Jul, 2006, 01.58 AM IST
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