IAIS: Guidance Paper on Anti-Money Laundering and Combating the Financing of Terrorism
FC-9.1.3
In January 2002, the International Association of Insurance Supervisors (IAIS) issued Anti-Money Laundering Guidance Notes for Insurance Supervisors and Insurance Entities. This document was updated in October 2004 and was reissued as Guidance Paper No. 5: Guidance Paper on Anti-Money Laundering and Combating the Financing of Terrorism (see www.iaisweb.org/publication). The Guidance Paper includes a set of measures and procedures, including elements of customer due diligence (CDD), reporting of suspicious transactions and measures affecting the organisation and staff of
insurance licensees .FC-9.1.4
The CBB supports the above papers and the desirability of all
insurance licensees adhering to their requirements and guidance.Amended: January 2007
