Two of the elements of icici group aml policy are

Firms must comply with the Bank Secrecy Act and its implementing regulations ("AML rules"). The purpose of the AML rules is to help detect and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation. FINRA reviews a firm’s compliance with AML rules under • The program has to be approved in writing by a senior manager. • It must be reasonably designed to ensure the firm detects and reports suspicious activity. • It must be reasonably designed to achieve compliance with the AML Rules, including, among others, having a risk-based customer identification program (CIP) that enables the firm to form a reasonable belief that it knows the true identity of its customers. • It must be independently tested to ensure proper implementation of the program. • Each FINRA member firm must submit contact information for its AML Compliance Officer through the • Ongoing training must be provided to appropriate personnel. • The program must include appropriate risk-based procedures for conducting ongoing customer due diligence, including (i) understanding the nature and purpose of customer relationships for the purpose of developing a customer risk profile; and, (ii) conducting ongoing monitoring to identify and report suspicious transactions and, on a risk basis, to maintain and update customer information, including information regarding the beneficial owners of legal entity customers. To receiv...

Governance Framework The corporate governance framework at ICICI Bank is based on an effective independent Board, the separation of the Board’s supervisory role from the executive management and the constitution of Board Committees to oversee and provide strategic direction for critical areas. These include risk and performance, business practices and ethics, legal and regulatory guidelines, disclosure and transparency code, monitoring framework and communication protocol. As on March 31, 2021, most of the Committees were chaired by Independent Directors, who constituted a majority on most of the Committees. Further, some of the Committees were constituted of only Independent Directors. At ICICI Bank, we are committed to maintain high standards of governance in the conduct of our business and continuously strive to create lasting value for our stakeholders. We focus on maintaining comprehensive compliance with the laws, rules and regulations that govern our business and promote a culture of accountability, transparency and ethical conduct. The Bank has a broad-based Board of Directors, constituted in compliance with the Banking Regulation Act, 1949, the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in accordance with good corporate governance practices. The Board functions either as a full Board or through various committees constituted to oversee specific operational areas. The Bo...

ICICI Lombard General Insurance Company Ltd. is one of the leading private sector general insurance company in India offering insurance coverage for motor, health, travel, home, student travel and more. Policies can be purchased and renewed online as well. Immediate issuance of policy copy online. ICICI trade logo displayed above belongs to ICICI Bank and is used by ICICI Lombard GIC Ltd. under license and Lombard logo belongs to ICICI Lombard GIC Ltd. Insurance is the subject matter of the solicitation. The advertisement contains only an indication of cover offered. For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale. CIN: L67200MH2000PLC129408 • Effective from January 1, 2023, the KYC process will become mandatory to purchase all insurance policies from the Company in accordance to the Master Guidelines on Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT), 2022 dated August 1, 2022. • KYC verification is to be completed at the time of policy purchase. • You can complete KYC to purchase your policy through the following modes: • Pre-verified cKYC number • Aadhaar-based KYC through online authentication • cKYC verification based on PAN Card, Aadhaar, Driver's License, Elector's photo identity card and Passport File Number • The company may seek additional information such as the nature of the business, source of income, beneficial owner, etc., as required under Master Guidelines ...

For further information on Anti-Money Laundering requirements, please visit the FINRA General Requirements 1. What is an AML Compliance Program required to have? The Bank Secrecy Act, among other things, requires financial institutions, including broker-dealers, to develop and implement AML compliance programs. Members are also governed by the anti-money laundering rule in FINRA Rule 3310 sets forth minimum standards for broker-dealers' AML compliance programs. It requires firms to develop and implement a written AML compliance program. The program has to be approved in writing by a member of senior management and be reasonably designed to achieve and monitor the member's ongoing compliance with the requirements of the Bank Secrecy Act and the implementing regulations promulgated thereunder. Consistent with the Bank Secrecy Act, FINRA Rule 3310 also requires firms, at a minimum, to: • establish and implement policies and procedures that can be reasonably expected to detect and cause the reporting of suspicious transactions; • establish and implement policies, procedures, and internal controls reasonably designed to achieve compliance with the Bank Secrecy Act and implementing regulations; • provide for annual (on a calendar-year basis) independent testing for compliance to be conducted by member personnel or by a qualified outside party. If the firm does not execute transactions with customers or otherwise hold customer accounts or act as an introducing broker with respect...

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