Category: Articles

RBI Tightens KYC Framework With Amendments For Improved Compliance And Risk Management

On November 06, 2024, the Reserve Bank of India (RBI) revised its KYC framework to align with recent amendments to...

14 November 2024

The 2024 Elections – The Impact On PEP Screening And Financial Crime Prevention

The surge in PEPs underscores the need for robust compliance strategies like PEP Screening, particularly in anti-money laundering (AML) and...

4 November 2024

Classification And Risks Associated With Politically Exposed Persons (PEPs)

PEPs are classified as people occupying positions of influence in the public domain. This puts them at more significant risk...

29 October 2024

What Is Financial Crime? Financial Crime Compliance (FCC) And Its Importance

Financial crime is apparently deeply entrenched and very complex, with any given case likely to affect one individual, businesses, or...

25 October 2024

Will FATF Blacklist Russia? The Global Watchdog’s Crucial Decision And Its Worldwide Impact

The Financial Action Task Force, which is the global standard-setter in the fight against money laundering and terrorism financing, is...

21 October 2024

TD Bank’s $3 Billion Fine: A Powerful Reminder Of Why Financial Institutions Must Strengthen AML Practices

On October 10, 2024, TD Bank faced what can be described as one of the most significant financial penalties in...

16 October 2024

How To Avoid FCA Fines: Lessons From Starling Bank’s £29M Sanctions Screening Failure

In October 2024, the Financial Conduct Authority (FCA) imposed a staggering £29 million fine on Starling Bank for significant lapses...

8 October 2024

Terrorist Financing In India: Overview And FATF Recommendations

Terrorist Financing (TF) remains a critical issue in India's fight against terrorism, particularly in regions affected by insurgency and extremist...

27 September 2024

India’s AML/CFT Progress And Challenges: Insights From FATF 2024 Report

India’s FATF 2024 Mutual Evaluation Report offers a thorough analysis of the country’s anti-money laundering (AML) and counter-terrorist financing (CFT)...

24 September 2024

Integrating AML With KYC: Streamlining Compliance Processes

Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations lie at the heart of compliance frameworks. These regulations are not...

19 September 2024