The FinTech Hub
Source: Business Standard 2 min read Last Updated : Oct 10 2024 | 9:43 PM IST The Reserve Bank of India on Thursday asked regulated entities (REs) to carry out internal risk assessment (IRA) of their business models and business relationship with customers to detect threats from money laundering (ML) and terror financing (TF)…
Source: Business Standard The central bank also emphasised that a siloed approach should be avoided. | Photo: Reuters 2 min read Last Updated : Oct 10 2024 | 5:38 PM IST The Reserve Bank of India on Thursday asked banks, NBFCs, and other entities regulated by it to use information obtained from all relevant…
Source: Business Standard 2 min read Last Updated : Sep 19 2024 | 5:37 PM IST Global anti-money laundering and terror financing body FATF on Thursday launched its much-awaited mutual evaluation report on India, saying the county’s systems were “effective” but “major improvements” were required to strengthen prosecution in these cases. The 368-page…
