Every morning, across hundreds of banks, NBFCs, fintechs, and securities firms in India, AML analysts sit down to a queue of alerts. Some are obvious. Most are not. A few will matter enormously; not just to the institution but to the integrity of the financial system itself. The analyst’s job is to sift through the […]
In India’s financial institutions, a fundamental reorientation is underway – one that is as much about governance philosophy as it is about regulatory obligation. The question is no longer whether Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) deserve boardroom attention.
Money laundering costs the global economy an estimated 2 to 5% of GDP annually between $800 billion and $2 trillion, according to the UN. In India alone, enforcement agencies have attached assets worth thousands of crores over the last decade, across real estate, shell structures, and increasingly, digital financial rails.