Current Affairs · MoUs and Agreements
What is the primary objective of the MoU signed between the Financial Intelligence Unit-India (FIU-IND) and the Insurance Regulatory and Development Authority of India (IRDAI)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To promote insurance policies in rural areas.
- 2For effective implementation of the Prevention of Money Laundering Act.✓
- 3To introduce new financial regulations for insurance companies.
- 4To monitor and audit the banking sector's performance.
Correct answer
For effective implementation of the Prevention of Money Laundering Act.
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