Anti-Financial Crime & Financial Crime Compliance
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NEWS: $2.5BN wiped off value of India’s Paytm Bank which did no CDD on 100,000s of customers; probe underway

Hundreds of thousands of accounts at Paytm Payments Bank, one of India’s most popular digital payment apps, that were created without proper identification. The Reserve Bank of India is concerned that some of the accounts could have been used for money laundering. Now shares of Indian digital payments have slumped their daily limit for a…

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