Search result for 'customer due diligence'

FCC Analytics plans to offer transaction monitoring solutions in India. Focus on KYC, AML, and customer due diligence using AI.

Unclaimed deposits in Indian banks reach Rs 67,003 crore. Public sector banks hold the majority, with SBI leading. RBI's UDGAM portal helps locate funds.

Bengaluru dominates India's financial crime talent pool with 32%, followed by Delhi NCR and Hyderabad. Report highlights workforce trends and skill distribution across sectors.

CBI investigates 8.5 lakh mule bank accounts used in a pan-India cyber crime conspiracy to launder money. Bank officials under scanner for negligence.

CBI detects 8.5 lakh mule bank accounts used by cybercriminals for money laundering across 700 branches. Nine suspects arrested in multi-state operation.

Reserve Bank of India (RBI) permits minors above 10 years old to operate bank accounts independently. This new rule allows minors to open savings and term deposit accounts with certain limitations.

Sebi aims to combat fraud by introducing a unique UPI ID for registered market intermediaries, enabling investors to verify the authenticity of recipients and ensure secure payments.

Sebi proposes a new mechanism for secure UPI payments in the securities market, creating unique UPI addresses for registered intermediaries to combat fraud and enhance investor confidence.

Sebi is proposing a new combo product that pairs term life insurance with mutual fund investments, aiming to expand financial access and boost SIPs, particularly in rural areas.

The Reserve Bank of India has amended its KYC guidelines to align with recent changes in the Prevention of Money Laundering Rules. These amendments aim to simplify the KYC process for existing...

The Financial Intelligence Unit (FIU) has fined Axis Bank Rs 1.66 crore for failing to detect a fraudulent account opened in the name of the NSG, a counter-terrorist force. The FIU found the bank...

Reserve Bank of India issues draft guidelines to strengthen regulations on payment aggregators, covering KYC, escrow accounts, and physical POS activities. Learn more about the new rules and their...