Anti Money Laundering

Indo-Swiss pact on hidden wealth: Why it isn't helping in India's fight against black money

Black money is known as illicit financial flows (IFFs) internationally, which are defined as a cross-border movement of funds that have been illegally or unethically earned, transferred or utilised

Banks received alarming amount of fake currency post demonetisation; detected 480% jump in suspicious transactions

Banks received a record amount of fake currency and detected an over 480 percent surge in suspicious transactions post demonetisation.

Australia announces bill to strengthen money laundering rules, including bitcoin

The digital currency exchange sector, which includes bitcoin, will be regulated for the first time in Australia.

IDBI Bank loan case: Vijay Mallya laundered over Rs 1,300 cr through 13 shell cos, says ED

The ED said its "money trail analysis revealed that out of the total loan of Rs 860.92 crore, sanctioned and disbursed by IDBI, Rs 423 crore has been remitted out of India.

Co-operative Banks, RRBs Slow On AML Adoption

Hanuman Tripathi, Group MD- InfrasoftTech discusses major drivers of Anti Money Laundering Soln.(AML) in India. He also informs about the adoption level of AML in India.

Fortent Introduces Integrated Financial Crimes And Compliance Soln

Fortent Connect is a solution designed to help mid-sized financial institutions fight crime and manage regulatory compliance.

Bank of India To Control Laundering With 3i Solution

All financial institutions globally are required to examine money laundering operations and report to the Financial Intelligence Unit of their respective countries for prevention of money laundering.

UBI Partners 3i Infotech For Anti Money Laundering Initiative

3i Infotech will implement AMLOCK, the company's Anti Money Laundering (AML) software at UBI.

Korea Bank Selects Mantas AML Solution

Korea Exchange Bank has selected the Mantas Anti-Money Laundering Solution to meet upcoming AML regulations.

Canara Bank gets shareholders approval to raise up to Rs 2,000 cr

The issue proceeds will enable the bank to strengthen its capital adequacy requirements as specified by RBI