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ENHANCED DUE DILIGENCE
Financial Intelligence Unit puts large crypto OTC deals under scanner, asks exchanges for trade dataIndian financial authorities are examining large over-the-counter cryptocurrency trades. The Financial Intelligence Unit is requesting data...- Family Trusts need a rethink: DPDP, PMLA rules collide with informal promoter structuresIndia's family businesses face a complex succession era due to evolving regulations and generational differences. Law firms like Veritas Le...
- Banks, fintechs join forces to fight money laundering, terror financing under new platformIndia's financial sector has launched a new platform called ARIFAC. This brings together banks, NBFCs, payment firms, insurers, and other e...
- Adani Energy to buy IntelliSmart for ₹3,050 croreAdani Energy Solutions (AESL) is set to acquire smart metering company IntelliSmart Infrastructure for ₹3,050 crore, bolstering its positio...
- SC’s draft rules allow AI in courts, bar it in decision-makingThe Supreme Court has proposed new rules for artificial intelligence in courts. These rules allow AI for tasks like legal research and draf...
- ETMarkets AIF Talk| Returns with liquidity: How Vivriti's semi-liquid debt fund is redefining private credit investing, says Priyam KediaVivriti's Short Term Debt Fund offers private credit-like returns with periodic liquidity, resonating with investors. India's private credi...
- Mittal family set to own 75% of Rajasthan Royals in $1.65 billion dealThe Mittal Family and Adar Poonawalla are set to acquire a controlling stake in the Rajasthan Royals IPL franchise. The deal values the tea...
- India’s banking system turns sluggish amid loan recovery delays and legal hurdles: CII reportIndia's banking sector needs urgent reforms. The Confederation of Indian Industry's report highlights slow loan recovery and complex laws. ...
- DPIIT issues operational guidelines for Rs 10,000 crore Startup India Fund of Funds 2.0 schemeThe Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has issued the operational guidelin...
- Establish 'GST-like' industrial land council for dispute resolution: CIIIndustry lobby CII proposes a National Industrial Land Council, mirroring the GST framework, to standardize regulations and resolve dispute...
- Gujarat HC issues notices to Meta, X, Google over PIL seeking curb on misuse of AIThe Gujarat High Court has called upon major tech players including Meta, Google, X, Reddit, and Scribd to address the growing concern of A...
- Global funds, Adani, GMR, others in race for NIIF's smart meter businessGlobal infrastructure investors and domestic smart meter makers are showing strong interest in acquiring IntelliSmart Infrastructure. The c...
- Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behindDespite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bot...
- TReDS tweak to ease MSME credit flow amid global pressureBanks are set to boost credit flow to MSMEs as regulators ease onboarding for the Trade Receivables Discounting System (TReDS). This move a...
- RBI proposes one-hour delay on high-value digital transfers to curb fraudThe Reserve Bank of India is proposing new rules to fight digital payment fraud. These include delays for certain bank transfers and extra ...
- Bankers welcome RBI’s calibrated stance, regulatory stepsBankers have praised the Reserve Bank's decision to maintain current interest rates. This move, alongside specific industry adjustments, is...
- CBI to question bank officials under scanner in 8.5 lakh mule accounts caseThe CBI is set to interrogate bank officials suspected of enabling a vast network of 8.5 lakh mule accounts used for laundering cybercrime ...
- Finmin pitches for enhanced KYC, due diligence for merchants, business correspondentsFinance ministry stresses rigorous KYC and due diligence to prevent financial frauds, focusing on data security, safeguarding the financial...
- Wary of BoB World app and other scams, Fin Min bats for enhanced KYC, due diligenceTo counter financial frauds like the BoB World app scam, the finance ministry proposes reinforced KYC procedures and due diligence for merc...
- Illicit assets: Swiss government tell banks to boost due diligenceSwitzerland directed banks to strengthen due diligence on overseas clients to prevent illicit fund flows as well as comply with internation...
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