Money Laundering
What Does MLRO do?
MLRO is the short name for Money Laundering Reporting Officer. Sometimes they are also referred to as Anti Money Laundering Officers. They are Certified...
Know Your Customer
Unveiling the Shield: Ensuring Security through Customer Due Diligence
In an era where financial transactions occur at lightning speed across borders, it is imperative to maintain a robust system that protects against money...
Money Laundering
Predicate Offenses: Understanding the Core of Money Laundering Activities
Money laundering, a pervasive issue in the global financial landscape, involves the process of concealing the illicit origins of funds. At the heart of...
Information Technology
Best Practices for Choosing Name Screening Software
In India, companies are required to carefully check both current and potential customers. This involves comparing customer names with lists that include people or...
Know Your Customer
Unraveling the Impact of KYC Violation Fines on Banks in India
In the world of banking, Know Your Customer (KYC) is a critical process designed to safeguard customers and financial institutions alike. KYC ensures that...
Money Laundering
Understanding FATF: The Global Watchdog Against Financial Crimes
In the financial world, safety comes first. That's where the Financial Action Task Force FATF, often called FATF, steps in. It came into existence...
Money Laundering
Implications of ISO:20022 on combating Financial Crimes
Banks and financial organizations are preparing to migrate their payment systems. They want to switch from the old system to the new and data-rich...
Money Laundering
CAME Becomes a Certification of National Significance
If we go 2000 years back in time, Money laundering existed and if we go 2000 years forward in time, it would still be...