Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
The Securities and Exchange Board of India (SEBI) has directed market intermediaries to update their KYC and tax-reporting systems in line with changes introduced under the new Income Tax framework. The move is aimed at ensuring that intermediaries’ systems, records Read More …
Crypto-linked payment cards are drawing increased regulatory attention in India as some users turn to offshore cryptocurrency wallets to make everyday payments, potentially creating challenges for financial monitoring and regulatory oversight. The growing use of such cards reflects the evolution Read More …
The Supreme Court has said banks and other financial institutions should compensate victims of digital arrest and cyber fraud when losses are found to have resulted from failures in the institutions’ due-diligence obligations. The court said compensation should be at Read More …
Bank of America AML Penalty 2026: Key Facts On 13 October 2026 the US Treasury announced about $1.21 billion in combined penalties against Bank of America for anti-money-laundering (AML) and sanctions failures. Who: Bank of America, described as the second-largest Read More …
Rourkela police have arrested two men, aged 22 and 24, for allegedly procuring and supplying bank accounts to cyber fraudsters. According to the Times of India report, the accused allegedly lured individuals with promises of money and jobs to open Read More …
Artificial intelligence is creating value across KYC, sanctions screening, transaction monitoring, fraud detection and credit risk, but Deutsche Bank says speed of adoption must not come at the expense of testing and human oversight. Tsvetanka Nankova of Deutsche Bank describes Read More …
Generative artificial intelligence (GenAI) and large language models are increasingly being integrated into banking risk management and compliance, with potential applications spanning anti-money laundering, fraud prevention, customer due diligence, third-party risk, regulatory compliance and operational resilience. One of the clearest Read More …
For decades, financial institutions have relied on KYC and AML frameworks to identify customers, verify identities, and prevent financial crime. While these controls continue to evolve, fraudsters are evolving even faster. The emergence of deepfakes and synthetic identity fraud is Read More …
Financial crime risk often begins at the onboarding stage-when customer profiles are misunderstood, beneficial ownership is overlooked, or suspicious indicators are ignored. Weak KYC and due diligence practices can expose institutions to regulatory penalties, reputational damage, and financial crime. This 5-hour Read More …
NBFCs operate under unique structural vulnerabilities – wholesale funding dependence, rapid growth pressure, concentration exposure, governance gaps, and regulatory sensitivity. Unlike banks, liquidity shocks in NBFCs escalate faster and governance breakdowns trigger supervisory intervention quickly. This 10-hour advanced program provides a structured Read More …