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...May position paper on the application of aml to general insurance global industry is dedicated fighting money laundering and terrorist financing ml tf despite sector s relatively low risk exposure gfia believes that based approach promoted by financial action task force fatf correct one take in any standards regarding anti counter terrorism ctf this means restricting measures fight life business only with some albeit risks however was concerned see through its own engagement members policymakers there are still stakeholders pushing for cft rules be applied close non existent impact implications insurers summary fully supportive effective proportionate order protect system from being used purposes firmly applying would divert resources attention away other higher areas place a significant compliance burden or no harms aggregate effort cost ultimately reflected as reduced focus those another unintended consequence could policy availability coverage certain activities which turn create so...