Insurance (Anti-Money Laundering and Combating Financing of Terrorism) Guidelines, 2020
The National Treasury and Planning
The objective of these guideline is to address prevent money laundering and the financing of terrorism in the insurance sector. The document highlights: the responsibility of the money laundering and reporting officers; operational controls to prevent money laundering and the financing of terrorism; compliance policy; staff policy; customer due diligence; information of natural person, legal person, partnership and trusts; high-risk customers and other related matters.