The Anti-money laundering & the Financing of terrorism measures, Sudan
This policy aims to confirm that both IIC and its employees are compliant to the Anti- money laundering and the financing of terrorism combating principles set forth in:
- The Act of Anti-money laundering & terrorism financing in force in Sudan.
- Latest recommendations of Financial Action Task Force (FATF).
- The Anti-money laundering & terrorism financing rules and regulations of the domestic insurance supervisory body.
Also such policy aims at assuring that all relevant requirements and procedures are well communicated to all employees and as well the contents are perfectly understood and implemented and have been amended and revised regularly to ascertain effectiveness.
- Such policies & procedures include due diligence towards policy holders, safekeeping of logbooks as well as reporting of unusual and suspected activities said in the Anti-money laundering & terrorism financing rules and regulations of the domestic insurance supervisory body 2014.
The Money Laundering and Finance of Terrorism Act 2014.pdf