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Mr. Ganpat Dhameliya


Anti Money Laundering


Anti-Money Laundering (AML) and Know Your Customer (KYC) are two essential components of regulatory compliance in the banking sector. They aim to prevent money laundering, terrorist financing, and other illicit activities by ensuring that banks have a thorough understanding of their customers and their financial transactions.

  • 1. Know Your Customer (KYC): KYC procedures involve verifying the identity and background of customers to establish their legitimacy and assess potential risks. Banks are required to collect specific information and documentation from customers during the on boarding process. This typically includes proof of identity, address verification, and additional details depending on the customer type (individual or legal entity). KYC also involves ongoing monitoring of customer transactions and updating customer information as necessary.
  • 2. Anti-Money Laundering (AML): AML refers to the set of policies, procedures, and controls implemented by banks to detect, prevent, and report suspicious activities related to money laundering and terrorist financing. Banks are required to monitor customer transactions, identify unusual or suspicious patterns, and report them to the relevant regulatory authorities. AML measures may include transaction monitoring systems, customer due diligence, risk assessment, employee training, and compliance audits.

The key objectives of AML and KYC in the banking sector are:

Banks employ various tools, technologies, and dedicated compliance teams to implement AML and KYC procedures effectively. These measures may include identity verification software, transaction monitoring systems, risk assessment models, customer screening against watch lists, and periodic reviews of customer profiles and activities.

Internet Banking

Ashvi Consultancy Service
Internet banking solution consists of two modules:

Client module giving your customers full control over their transactions and account information online and Administration module providing your staff with flexible and powerful account administration tools.

Finance e-Banking

is a comprehensive Internet-based solution that addresses the core banking, treasury, wealth management, consumer and corporate e-banking, mobile banking and web based cash management requirements of universal, retail, corporate, community and private banks worldwide.

Facility for International

International banking marketplace has been experiencing drastic changes. However, never before have there been so many demands on banks to satisfy their customers, manage their internal risks, work cost effectively and protect their competitive position.

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