Question
What is the main focus of the MoU between FIU-IND and
IRDAI?Solution
The MoU between FIU-IND and IRDAI focuses on strengthening the implementation of the Prevention of Money Laundering Act (PMLA) and related rules. It aims to improve the sharing of relevant intelligence and information between the two entities and enhance compliance within the insurance sector.
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The difference of compound interest on Rs. 800 for 1 year at 20% per annum when interest is being compounded. Half-yearly and quarterly
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