The framework seeks to ensure that all the information obtained by and passed through different digital channels is handled ethically.
The BSP was granted authority to designate systemically important payment systems under the National Payment Systems Act, which was signed into law in 2018.
Unexpected credit losses could leave banks with inadequate loss-absorbing resources, warns a new working paper from the BIS.
Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.
A service that was being used by criminals to check whether their own bitcoin wallets were linked to criminal activity has been shut down.
The bill enables law enforcement to inspect the IWT-associated financial flows of individuals and companies and confiscate their proceeds of crime.
A husband and wife were jailed for 17 and 14 years respectively after pleading guilty to cheating, forgery and money laundering offences.
New operational guidelines cover non-convertible securities, securitised debt instruments, security receipts, municipal debt securities and commercial papers.
An IOSCO study has helped to “alleviate concerns" about possible financial stability risks or fragilities relating to the ETF structure.
Lawyers, real estate agents, investment advisers, and bank employees have repeatedly facilitated money laundering through US real estate by HNWIs and PEPs.