BUSINESS
India has an unfinished agenda on countering money laundering & terrorism financing
While India has largely complied with the FATF recommendations, further steps would be required for absolute compliance. We expect the government and regulators to issue further AML/CFT-related directions, circulars and instructions.
BUSINESS
Increased scrutiny of bank-fintech alliance puts start-up ecosystem at risk
RBI’s increased scrutiny of banks servicing start-ups and tech-based companies has largely impacted the business continuity of partner fintechs, with their customers being left in a lurch
