Consider the following statements regarding the MoU signed between the Financial Intelligence Unit-India (FIU-IND) and the Insurance Regulatory and Development Authority of India (IRDAI) in January 2025:
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The MoU aims to enhance cooperation in Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) in the insurance sector.
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The FIU-IND operates under the Ministry of Corporate Affairs and was established in 1999 under the IRDA Act.
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The MoU includes provisions for sharing intelligence, defining reporting procedures, and conducting risk assessments.
Which of the above statements is/are correct?
1
1 and 3 only
2
2 and 3 only
3
3 only
4
1 only
5
2 only