SBI Cracks Down on Dormant Accounts to Curb Cyber Frauds
State Bank of India (SBI) is tightening controls on inoperative savings accounts with zero balances to reduce the risk of
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Financial crime
Online Certificate Course on Transaction Monitoring and Financial Crime Detection in Banking
Transaction monitoring is one of the most important controls used by banks to detect suspicious financial activity. As digital transactions,
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Strengthening Financial Security Against Cyber Attacks
The growing use of technology-driven financial transactions is increasing the importance of cybersecurity across the financial sector. An editorial in
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ED Raids Tricity in ₹645 Crore IDFC Bank Fraud Case
The Enforcement Directorate (ED) has conducted searches at multiple locations across the Chandigarh, Mohali and Panchkula tricity as part of
Read moreFIR Registered Against 16 in Cooperative Bank Loan Fraud Case
An FIR has been registered against 16 individuals in connection with an alleged loan fraud at a cooperative bank in
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Google Removes Fake Bank Websites
Google has taken action against fraudulent Firebase accounts used to host fake banking websites and mobile applications designed to deceive
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Genpact Launches Agentic AI Suite for Banking
Genpact has launched its Banking Analyst Suite, an enterprise solution that applies agentic artificial intelligence to regulated banking operations, beginning
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Canadian Banks Seek Simpler AML Reporting Rules
Canadian banks are urging the federal government to simplify anti-money laundering reporting requirements, arguing that excessive paperwork is consuming compliance
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Gujarat Bank Cyber Theft of ₹7.34 Crore
Gujarat Bank fell victim to a cyberattack in which hackers exploited a software flaw to steal ₹7.34 crore from multiple
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AN ARTICLE ON TRADE BASED MONEY LAUNDERING (TBML)
International trade is defined as the purchase and sale of goods and services by companies in different countries. During trading
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