RBI KYC rules

RBI’s Revised KYC Rules: Enhancing Financial Security and Compliance

RBI Revises KYC Rules Offering Improved Guidance to Prevent Money Laundering The Reserve Bank of India (RBI), in its constant efforts to enhance financial security and prevent money laundering, has recently introduced significant revisions to the Know Your Customer (KYC) rules. These amendments, announced through a notification, aim to provide improved guidance and regulations for…

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FATF suspension1

FATF suspension : Financial Crime Watchdog FATF Suspends Russia’s Membership over Ukraine War

FATF suspension : Financial Crime Watchdog FATF Suspends Russia’s Membership over Ukraine War The Financial Action Task Force (FATF) has suspended Russia’s membership due to its ongoing conflict with Ukraine. The decision was made at a meeting in Paris on February 23, 2023, and marks a significant escalation in the international community’s response to the…

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