India: Two banks fined by RBI over non-compliance with anti-money laundering norms

The Reserve Bank of India ( RBI ) has slapped monetary penalty of Rs 3 crore each on two banks for non-compliance with the directions issued by the central bank on Income Recognition and Asset Classification (IRAC) norms, Know Your Customer or Anti-money Laundering (KYC/AML) norms.[…]

Click here to view original web page at www.financialexpress.com