Regulators need to keep up with new wave money laundering

Global regulators are actively penalizing institutions for anti-money-laundering (AML) compliance failures. While banks have traditionally been targeted, recent trends show a shift towards sectors like fintech, crypto exchanges, and casinos. In India, penalties have increased significantly, with a notable case involving Paytm Payments Bank. Institutions must establish robust AML frameworks to mitigate risks.
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