Banks, fintechs join forces to fight money laundering, terror financing under new platform
India's financial sector has launched a new platform called ARIFAC. This brings together banks, NBFCs, payment firms, insurers, and other entities. ARIFAC aims to improve anti-money laundering and combating financing of terrorism efforts. It will focus on training, sanctions, and digital risks. The platform will foster collaboration and enhance compliance…
The Economic Times ·