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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KYC
Solo Develops Reusable KYC Model for Banks
Solo, a consumer reporting agency, has developed a reusable customer-verification model aimed at reducing duplication in KYC processes across banks
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Equitas Small Finance Bank Launches ‘Saksham Niveshak’ Campaign
Equitas Small Finance Bank has launched the ‘Saksham Niveshak’ campaign to promote investor education and strengthen awareness around Know Your
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Financial Intelligence Unit–India: Strengthening the Fight Against Money Laundering
The Financial Intelligence Unit–India (FIU-IND) plays a central role in combating money laundering and ensuring financial system integrity in India.
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Paper Companies, Real Risks
A company is a legal business organization formed by a group of people to carry out commercial or industrial activities.
Read moreTackling Trade-Based Money Laundering in the Modern Financial Landscape
If we inquire informally among a group of bankers about familiarity with terms like a Letter of Credit (L/C), Bill
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Banks hiring more officers, fewer clerks and sub-staff
India’s banking sector continues to be labour intensive but digital technologies are changing the composition of the workforce, more so
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RBI penalties up 88% in 3 yrs; KYC, AML top list
The number of penalties imposed by the Reserve Bank of India on financial institutions grew 88% in the past three
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Incomplete KYC: 1.3crore investor a/cs on hold
KYC registration entities, KRAs in market parlance, said out of nearly 11 crore investors under Sebi’s regulatory purview, about 1.3
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RBI bars fintechs from issuing biz credit cards on KYC worries
RBI has asked payment networks Visa and Mastercard to stop facilitating business credit card issues by fintech aggregators, also known
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