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With the changing global compliance landscape vis-à-vis renewed efforts by the global money laundering and terrorist financing watchdog, the Financial Action Task Force (FATF), the need for compliance professionals in combating crime, money laundering and terrorist financing has been brought to the fore. The need, experts said, is pertinent to bringing in professionals to enhance […]
The Investment Firms Regulation (Regulation (EU) 2019/2033) (the IFR) and the Investment Firm Directive (Directive (EU) 2019/2034) (the IFD) established a prudential framework for...
In a letter written to the Chairman and Managing Director of Urban Co-operative Banks under the heading “Compliance Function and Role of Chief Compliance Officer (CCO)”, RBI says it has decided to introduce
RBI imposes fine on Bank of India for violation of KYC related regulations
The RBI has also penalised Dhani Loans and Services for non-compliance with its KYC directions.