Anti Money Laundering Services

    Money laundering, drug trafficking and terrorist financing are the lifeblood of transnational crimes. financial crime is characterised by complex
    Securing Financial Data: Businessman Verifying Customer Identity

    Overview of India's Anti-Money Laundering Framework

    Money laundering, drug trafficking and terrorist financing are the lifeblood of transnational crimes. financial crime is characterised by complex inter-connectivity and is not defined by geography, industry, or the type of organisation. The organisational complexity of global corporations today increases the threat of financial crime simply by virtue of their size. Therefore, the focus on Anti-Money Laundering (AML) compliance by regulators across geographies has increased tremendously in recent years and continues to remain a priority due to high-value penalties and enforcement actions.

    India is a hub for financial services and trading activity and, therefore, AML compliance becomes an important requirement to ensure that the financial system is not used to launder illegal proceeds and finance terrorism. The Prevention of Money Laundering Act, 2002 (PMLA), together with the rules and regulations prescribed by regulators such as the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) and Insurance Regulatory and Development Authority of India (IRDAI), sets out the broad AML framework in India. The country is also home to global operations of major financial and non-financial institutions that undertake their global AML operations due to availability of highly qualified and trained AML compliance professionals.

    How we can help

    • KPMG in India’s AML services help prevent and combat a wide variety of money laundering and sanctions related risks for some of the top financial institutions across India, ASPAC (Asia Pacific) and EMEA (Europe, Middle East and Africa) region. We help our clients improve their ability to meet regulatory expectations and establish sound AML compliance programmes and control frameworks.

    • We bring in-depth experience of undertaking AML consulting and managed service delivery experience, as well as a network of experienced AML professionals spread across multiple key locations in India. The team also boasts of more than 20 Certified Anti Money Laundering Specialist (CAMS). Our professionals understand the risks and complexities clients face, and offer extensive and customised AML and sanctions related services to help them respond appropriately.

    • KPMG in India has set - up a modern Offshore Delivery Centre (ODC), which is capable of delivering AML services through its top – notch data secure environment in an efficient manner across different time zones. Our progressive technology and flexible service offerings help organisations manage financial crime risk in a cost-effective and sustainable manner.

    • We provide tailored support related to AML and Counter-Terrorism Financing (CTF) and assist financial institutions across all stages of the AML lifecycle as illustrated below.

    Two man and a woman looking at desktop
    Download

    Anti-money Laundering services

    KPMG in India
    Download

    COVID-19 - Financial Crime Risk

    COVID-19 - Financial Crime Risk

    India Insights

    Our insights is your gateway to thought leadership and in-depth reports. Explore our curated collection of valuable content, where we delve into complex business challenges, share industry trends, and provide actionable insights.

    Financial Crime Bulletin

    Dive deep into the financial crime avenues and stay up-to-date with Indian and global regulatory initiatives

    Forensic lens on related parties and transactions

    A forensic lens on related-party transactions (RPTs) helps uncover potential risks and provides guidance on mitigating these risks effectively

    Internal Risk Assessment guidance for money laundering/terrorist financing risks

    RBI's 2024 guidelines enhance AML/TF risk assessment for financial institutions, aligning with global standards and addressing sector-specific risks

    International Fraud Awareness Week

    International Fraud Awareness Week 2024, held from 17-23 November, to raise awareness about the impacts and prevention of fraud

    ‘Fit and proper’ due diligence

    Integrity through ‘fit and proper’ due diligence for shareholders and key personnel in financial institutions.

    Frontiers in finance

    Latest market insights and forward-looking perspectives for financial services leaders and professionals.

    SEBI CSCRF - Our Point of View

    The Cybersecurity and Cyber Resilience Framework aims to strengthen cybersecurity measures and ensure adequate cyber resilience for regulated entities

    Deciphering risks in investment deals

    Amongst the emerging markets, India has been one of the most attractive investment destinations over the past few years and has witnessed a huge spike.

    Money Mules: FinCrime’s Trojan Horse Unveiled

    Originating from the ancient Trojan deception, money mules embody a modern-day Trojan horse strategy, navigating through digital financial systems.

    RBI releases revised fraud risk management directions for Regulated Entities

    This issue of the first notes aims to provide an overview of the revised fraud risk management system and framework for banks, NBFCs (including HFCs).

    AMLA & European co-operation on AML/CFT

    The ECB has issued opinions on the proposed new European Anti-Money Laundering Authority (AMLA). What does this mean for banks?

    Digital money is moving fast

    CBDCs and their impact on banks, citizens and customers

    Tightening the net: EU adopts sweeping AML reforms

    Exploring the European AML reforms and the role of the AMLA in financial supervision

    Key Contact

    Suveer Khanna

    Partner and Head, Forensic Services

    KPMG in India

    Connect with us

    Contact our specialists for more information

    connect with us