Money Laundering
Transaction Monitoring and Risk-Based Approach
In the modern age of fast digital transactions, we all use different ways to pay for things, like shopping online or paying our bills....
Know Your Customer
Defining the Politically Exposed Persons
Politically Exposed Persons pose a bigger risk before the financial institutions in India.
TBML
Commonly used TBML Techniques
TBML techniques are becoming popular as an alternative remittance system that allows to move the proceeds of illegal activities disguised as legitimate trade. Trade...
AML Certification
CAME: Certified Anti Money Laundering Expert Goes Global
In today's interconnected world, financial crimes like money laundering have become increasingly sophisticated and pervasive. To combat these threats, organizations and countries worldwide are...
Know Your Customer
Defining Heightened Risk Entities
Risk Assessment procedures of the banks require them to identify and classify the customer. Classification of High Risk Customers is one of the major...
Know Your Customer
Penalty on Airtel Payments Bank for violation of KYC Norms
Based on the complaints and adverse media reports alleging that the Airtel Payments bank had opened customer accounts without a clear/specific consent of the...
Know Your Customer
KYC Violation by Indian Overseas Bank
Reserve Bank of India has imposed a penalty of ₹2 crore on Indian Overseas Bank (IOB) for violating Know Your Customer (KYC) norms. The Reserve...
Know Your Customer
Identifying the Ultimate Beneficial Owners
In the world of finance, it's important to know the true owners of businesses and financial transactions. This helps stop illegal activities like money...