AML Compliance in India: How Banks and Fintech Companies Can Detect Financial Crime More Effectively
Executive Summary Financial crime is becoming increasingly difficult to detect as criminals exploit digital payments, mule accounts, layered transactions and interconnected financial ecosystems. In India, AML compliance associates with the Prevention of Money Laundering Act (PMLA), applicable rules, KYC framework of RBI and reporting obligations to the Financial Intelligence Unit–India (FIU-IND). Yet effective compliance requires