To prevent money laundering, the Insurance Regulatory & Development Authority (Irda) has asked insurers to report suspicious transactions to FIU-IND. “All transactions involving receipts by non-profit organisations (either in the form of assignments and/or in the form of top-up remittances) of a value more than Rs 10 lakh or its equivalent in foreign currency, should be reported to FIU-IND by the 15th day of succeeding month,” said Irda.