KYC AML Part 3 I ANTI MONEY LAUNDERING AND KNOW YOUR CUSTOMER I IIBF |

Understanding AML and KYC Guidelines: Key Insights for Financial InstitutionsIn this video, we dive into the essential Anti-Money Laundering (AML) and Know Your Customer (KYC) guidelines that every financial institution needs to follow. Learn about the Reserve Bank of India's (RBI) regulations, including the importance of Customer Due Diligence (CDD) procedures, reporting suspicious transactions, and maintaining robust internal controls. We'll also explore the role of the Indian Banks' Association (IBA) in helping banks implement effective AML practices, ensuring compliance with RBI's stringent regulatory framework. Stay informed on how these guidelines help combat money laundering and protect the financial system!KYC AML Part II