Monday, September 11, 2023

BANKING

The proposed mechanism will ensure that such suspected transactions are flagged immediately, giving intelligence agencies enough time to take swift action, said people aware of the development. "This is being actively pursued," an official said on condition of anonymity, adding that counterparty transactions help investigating agencies track frauds, siphoning off of funds and other such illegal activities in accounts under the radar.

from Banking/Finance-Industry-Economic Times https://ift.tt/hVNXMzp
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