What is the main objective of the Memorandum of Understanding (MoU) recently signed between FIU-IND and IRDAI?
A) Reduction in insurance premium
B) Enhancing cooperation in the fight against money laundering and terrorist financing
C) Expansion of insurance schemes
D) To promote financial inclusion
Answer : B
Description :
Recently, Financial Intelligence Unit-India (FIU-IND) and Insurance Regulatory and Development Authority of India (IRDAI) signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in the fight against money laundering and terrorism financing. The agreement was formalised by FIU-IND Director Vivek Agarwal and IRDAI Member (Distribution) Satyajeet Tripathi.
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