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Article: BRIEFING - ASIA INSURANCE - AUG 26, 2009.
- Article from:
- AsiaPulse News
- Article date:
- August 26, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on insurance for Aug 26, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDIA'S IRDA TIGHTENS ANTI-MONEY LAUNDERING NORMS FOR INSURERS
NEW DELHI - Indian insurance regulator IRDA today tightened the anti-money laundering guidelines by asking the insurance companies to ensure that no policies are issued to persons with fictitious names.
"While carrying out the KYC (know-your-customer) norms, special care has to be exercised to ensure that the contracts are not anonymous or under fictitious names," Insurance ...