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    India Chapter Launch Event

    About the event

    To kick-off the India chapter introduction, ACFCS has planned a 2 day online event, in which we will be covering critical topics in the Financial Crimes Compliance domain which will be discussed by leading professionals in a panel format. Day 1 – Thursday December 10, 2020 FATF Review Preparedness Panel Discussion India’s much-awaited Financial Action Task Force (FATF) review has been postponed to 2021. The review was scheduled for this year as a part of the regular review cycle after 10 years.  India has prepared multiple dossiers of the actions undertaken by it under the anti-money laundering law and several criminal tax evasion probes. Some of the actions undertaken by the Indian government include the anti-black money Act of 2015, implementation of GST in 2017, enactment of the Fugitive Economic Offenders Act in 2018, Demonetisation of two big currency notes in 2016 and amendments brought in the Prevention of Money Laundering Act (PMLA) over the years.
    • How Banks are taking efforts to combat money laundering
    • Actions & measures taken by the regulatory bodies.
    • Progress from last review, implementations, and alignments
    Key Takeaways
    • The approach taken by regulators, agencies, and banks in ensuring FATF preparedness
    • Regulatory actions, penalties and orders of critical importance
    • What has changed since the last review – expectations, planning & on-ground planning
    Fire Chat session on AML/CFT Risk assessment for REs in India  Each year brings with it new challenges related to money laundering, corruption, fraud etc. This is especially true thanks to the major developments which have been accelerated thanks to COVID-19 and massive global realignments (trade, finance, geopolitics) and crime. To deal with these and the technological changes, various institutions – banks, insurance companies, regulators, security forces, risk departments etc. have had to take many proactive and reactive steps, especially when it comes to reviews, program development, risk assessments, FATF review and regulatory actions/penalties. 

    The event is finished.


    Sep 21 2021


    5:30 pm - 7:30 pm


    ACFCS India Chapter


    ACFCS India Chapter