Thursday, September 10, 2009

India has enhanced the AML regulatory framework significantly.

Risky to take foot off AML pedal

Sarabjeet Singh is a worried man. As the partner leading the AML (anti-money-laundering) practice in BMR Advisors ( http://www.bmradvisors.com/), he finds it disturbing that the pressure from the regulator is not felt as much by banks in India. If banks do not make the kind of investments required now, they will always be laggards in the global pecking order, he cautions, during the cours e of a recent email interview with Business Line.

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