Skip to content
BOL Conferences
Thread Options Tools
#77836 - 05/02/03 05:49 PM AML/CIP for insurance companies

Are there proposed regs. out for anti-money laundering and CIP for insurance companies?

Return to Top
General Discussion
#77837 - 05/02/03 06:06 PM Re: AML/CIP for insurance companies
KSK Offline
Gold Star
Joined: Jul 2001
Posts: 357
Look at page 4 of the Final Rules that cam out on Wednesday. The second paragraph on the page says that Section 326 (the CIP Rules) applies to all "financial institutions". Further along in that paragraph it identifies insurance companies as being one of the entities covered. Additionally you might check 31 USC 5312(a)(2) and (c)(1)(A).

Return to Top