Anti Money Laundering (AML)

Managing fraud risk in financial systems is a critical task for organizations like postal services, especially when overseeing countless transactions. With the Fraud Risk Management Unit (FRMU), postal divisions ensure…

Building on our previous discussion of the SAS-AML Alert system, in this article we will discuss the  process of closing alerts in the SAS-AML software focusing on filing statuses, reasons…

This article is the part of series on 1.  AML/CFT – A Preventive Vigilance Tool. 2. Key Components of the Post Office Savings Bank AML/CFT Framework 3. AML/CFT – A…

FIU-IND and PMLA: Strengthening India’s Financial Integrity Financial Intelligence Unit of India (FIU-IND) and the Prevention of Money Laundering Act (PMLA), 2002,  play a crucial role in establishing a framework…

The AML/CFT guidelines adopted by the Post Office Savings Bank serve as a first line of defense against money laundering, terrorism financing, and other financial crimes. To fully appreciate this…

Introduction to AML/CFT in the Post Office Savings Bank System The Post Office Savings Bank (POSB) plays a vital role in maintaining financial security through its adherence to Anti-Money Laundering…