Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
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 …
RMAI Risk Insights | 2 November 2026 Spandana Sphoorty Financial Limited, a listed microfinance institution, has disclosed a cyber fraud involving approximately ₹7.80 crore, with funds reportedly transferred from one of its bank accounts to 82 beneficiary accounts through multiple 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 …
The regulatory action against Paytm Payments Bank Limited, or PPBL, developed over several years rather than arising from one isolated violation. In March 2022, the Reserve Bank of India directed the bank to stop onboarding new customers after identifying material Read More …
The top 10 KYC and AML failures in Indian banks are outdated or overdue periodic KYC updation, weak transaction monitoring, non-issuance of Unique Customer Identification Codes, incorrect customer risk categorisation, fragmented legacy compliance systems, weak Video-KYC and digital onboarding controls, Read More …
Fraud in banking rarely occurs as a single isolated event. It follows recognisable patterns across transactions, customer behaviour, documentation inconsistencies, and operational control gaps. Detecting these patterns early is critical to preventing financial loss and regulatory exposure. This 5-hour practical course Read More …
Financial crime rarely begins with obvious warning signs. It usually appears as small anomalies hidden within transaction patterns, account behaviour, and monitoring alerts. Detecting these signals early is critical to preventing financial crime, regulatory penalties, and reputational damage. This 7-hour Read More …
Artificial intelligence–powered transaction monitoring is rapidly transforming how banks detect fraud and manage financial crime risks. As digital transactions grow across payment systems, financial institutions are increasingly adopting advanced analytics and machine learning tools to strengthen surveillance frameworks. AI-driven monitoring Read More …