IRDAI Master Guidelines on AML/CFT, 2022
Consolidated AML/CFT obligations for life, general and health insurers under the PMLA and PML Rules.
- Applies in
- India
- Edition
- 1 Aug 2022, in force 1 Nov 2022; amended Oct 2023, Aug 2024
- Area
- Financial crime (AML/CFT/CPF)
What an assessor reads first.
The headline requirements in Amoreg’s catalogue, in the issuer’s own numbering where it has one. They are where a review starts, not a transcription of the text.
- 4.2.1Maintain a board-approved AML/CFT programme of policies, procedures and controlsGovernance
- 5Appoint a Designated Director and a senior Principal OfficerGovernance
- 8.2Perform client due diligence at onboarding, on an ongoing basis and at payoutCustomer due diligence
- 9.1Carry out periodic ML/TF risk assessment and risk categorisationRisk assessment
- 12Upload KYC records to and retrieve updates from the CKYCRCustomer due diligence
- 16Screen against UN/UAPA lists and freeze under WMD Act s.12A / UAPA s.51ASanctions
- 18Furnish CTRs and STRs to FIU-INDReporting
- 19Retain transaction and identity records for at least five yearsRecords
How Amoreg keeps you on it.
Enable the IRDAI Master Guidelines on AML/CFT, 2022 and the Monitor suggests IRDAI as a source. Every publication it records keeps its source, stage and date.
Inspector reads your policies against these 8 requirements every week and opens a finding wherever one falls short, citing the rule and drafting the fix. A person decides what is applied.
Each week
- Read irdai.gov.in/guidelines
- Check the library against 8 requirements
- Open findings with drafted fixes
- Wait for a person to decide
Policy does not yet set out: maintain a board-approved AML/CFT programme of policies, procedures and controls
- Rule
- IRDAI Master Guidelines on AML/CFT, 2022, 4.2.1
- Area
- Governance
- Proposed by
- Inspector
- Decided by
- A named person, once reviewed
The same ground, elsewhere.
- FATF RecommendationsThe 40 Recommendations — the international standard every national AML/CFT/CPF regime is measured against.Global · 8 controls
- Wolfsberg Group StandardsIndustry standards for correspondent banking, the CBDDQ/FCCQ questionnaires and effectiveness-based AML programmes.Global · 4 controls
- GFSC Handbook on Countering Financial Crime (AML/CFT/CPF)The Bailiwick's AML/CFT/CPF rules and guidance for financial services businesses and prescribed businesses, issued under the Criminal Justice (Proceeds of Crime) regulations.Guernsey · 8 controls
- JFSC AML/CFT/CPF HandbookHandbook for the prevention and detection of money laundering, terrorist financing and proliferation financing under the Money Laundering (Jersey) Order 2008.Jersey · 8 controls
- Isle of Man AML/CFT Code 2019The Anti-Money Laundering and Countering the Financing of Terrorism Code 2019, with the FSA's AML/CFT Handbook as guidance.Isle of Man · 8 controls
- Cayman Islands Anti-Money Laundering RegulationsThe AMLRs under the Proceeds of Crime Act, read with CIMA's Guidance Notes — departure from the Guidance Notes without justification is treated as non-compliance.Cayman Islands · 8 controls
Also in India
- SEBI (Intermediaries) Regulations, 2008SEBI regulations for all registered intermediaries, covering registration, fit-and-proper criteria, general conduct, inspection and enforcement.India · 8 controls
- SEBI (Prohibition of Insider Trading) Regulations, 2015SEBI regulations preventing insider trading and controlling unpublished price sensitive information (UPSI) at listed companies, intermediaries and fiduciaries.India · 8 controls
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015SEBI regulations for the continuing disclosure and corporate governance obligations of listed entities, read with the LODR master circular.India · 8 controls
- SEBI (Investment Advisers) Regulations, 2013SEBI regulations for the registration, qualifications and client-facing conduct of investment advisers, read with the IA master circular.India · 8 controls
- SEBI Cybersecurity and Cyber Resilience Framework (CSCRF)SEBI framework setting cybersecurity and cyber resilience requirements for SEBI-regulated entities, graded by entity category.India · 8 controls
- RBI (Commercial Banks – Know Your Customer) Directions, 2025RBI's binding KYC/AML/CFT direction for commercial banks under the PML Act and Rules, replacing the repealed 2016 KYC Master Direction.India · 8 controls
Questions
Does Amoreg watch for changes to the IRDAI Master Guidelines on AML/CFT, 2022?
Yes. Enable it and the Monitor suggests Insurance Regulatory and Development Authority of India as a source; every publication it records keeps its source, stage and date.
Can Amoreg check our policies against the IRDAI Master Guidelines on AML/CFT, 2022?
Yes. Inspector reads your library against its requirements every week and opens a finding, with the rule it cites and a proposed fix, wherever a policy falls short. A person decides what is applied.
Which edition does Amoreg use?
The catalogue records 1 Aug 2022, in force 1 Nov 2022; amended Oct 2023, Aug 2024. Editions were last verified in August 2026, and the Monitor records new publications as they appear.