The Reserve Bank of India (RBI) recently introduced an amendment to its Master Direction – Know Your Customer (KYC) Direction, 2016 ('KYC Directions') requiring Regulated Entities (REs) to carry out Risk Assessment Exercises periodically to identify and assess Money Laundering (ML) and Terrorist Financing (TF) risks arising out of their relationship with clients, countries or geographic areas, products, services, transactions or delivery channels, etc. While assessing the ML/TF risks the REs are required to also take cognizance of the overall sector-specific vulnerabilities. Based on the assessments REs are required to take effective measures to mitigate the risks.

This CAFRAL webinar brings senior level subject experts from RBI, Deloitte and HSBC to discuss the building blocks of a good assessment and mitigation framework. Participants will get a good opportunity to learn the nuances of regulation, new ways to craft a framework and cross border experience in design and implementation of the framework.