Great steps for banks to check money-launderers

..... Post India's membership to the Financial Action Task Force (FATF), the focus on anti-money-laundering (AML) initiatives has increased. Further, the RBI has issued various guidelines to banks on reporting fraud and on the implementation of robust fraud detection and prevention systems. In particular, as Web banking expands from Web and file transfer to mobile/smartphone and social media channels, the RBI recommends taking an integrated multi-channel approach to information, transactions and fraud, in order to lower costs and increase effectiveness. It is imperative for financial institutions to deploy a comprehensive, cost-effective solution that is able to identify, detect and prevent attacks across multiple channels in real time............

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