CAPACITY BUILDING PROGRAMMES FOR THE INSURANCE SECTOR
The FIC organized a number of workshops for the Managing Directors (MDs) and Anti-Money Laundering Reporting Officers/Compliance Officers (AMLROs/Cos) in the Insurance Sector (Life, Non-Life and Broking firms) from April 19 to 21, 2022.
Key areas for the sensitization programmes included:
- AML/CFT awareness and their obligations under the Anti-Money Laundering Act, 2020 (Act 1044).
- Red flags to trigger their reporting obligations within the sector.
- FATF Standards on Preventive Measures; Know Your Customer/Customer Due Diligence (KYC/CDD), STRs and Record keeping.
- Registration of participants and the reporting through the go-AML Portal.