....A clutch of international banks with operations in India were recently in the news for being involved in anti-money laundering (AML) activities, and helping anti-national elements to engage in terrorism and other illegal activities. The RBI is now scrutinising the systems of some of these banks, which have significant operations in India. KYC Norms, suspicious transaction reports, and cash transaction reports are some of aspects under review, according to the finance ministry.......
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