The Insurance Regulatory Authority (IRA)
The Insurance Regulatory Authority (IRA)
February 7, 2025 at 08:02 AM
Happening Now: The Authority is hosting an Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) Workshop for life insurance industry professionals. The forum brings together AML Reporting Officers, Claims Officers, Underwriters, Compliance Officers, and Marketers from various insurance companies. The workshop was officially opened by Mr. Kalai Musee, Director of Supervision at IRA, on behalf of the Commissioner of Insurance and CEO of IRA, Mr. Godfrey Kiptum. In his opening remarks, he emphasized the need for stronger preventive measures, particularly in: Customer due diligence, enhanced due diligence, managing politically exposed persons, identifying beneficial owners in legal entities and arrangements. #amlworkshop
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