Aprueban norma que establece los lineamientos aplicables a los productos de seguros incluidos en el régimen simplificado de debida diligencia del conocimiento del cliente

The measure aligns with FATF Recommendations 1 and 10 and the FATF life insurance risk-based approach guidance, recognising that many insurance products present lower ML/TF risk where savings or investment features are limited and value transfer is constrained. For compliance teams, this is not a blanket exemption: simplified measures must be justified by a documented low-risk assessment, and enhanced due diligence remains mandatory where suspicion or higher-risk factors arise. Insurers and distributors should review product classifications, update AML/CFT policies and onboarding workflows, and train front-line staff on eligibility and escalation triggers.

Firms with cross-border operations should assess whether group AML standards permit local simplified treatment and whether customer risk-scoring models need recalibration. The business benefit is potentially faster onboarding and lower friction for low-risk insurance products, but supervisors will expect evidence that simplification is proportionate and monitored. RegCanary recommends a targeted gap assessment, clear product-level criteria, and ongoing testing of simplified due diligence controls.