https://www.taxtmi.com/news?id=5004 The Reserve Bank has commenced comprehensive inspections of Head Office and branch operations of three private banks to examine compliance with KYC/AML norms, foreign exchange controls and the Prevention of Money Laundering framework following media sting allegations; a thematic review of banks selling gold coins and wealth management products will assess systemic vulnerabilities, with final reports due by the prescribed deadline before further supervisory action. en-us Tue, 19 Mar 2013 13:14:06 +0530 Tue, 19 Mar 2013 13:14:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=5004 The Reserve Bank has commenced comprehensive inspections of Head Office and branch operations of three private banks to examine compliance with KYC/AML norms, foreign exchange controls and the Prevention of Money Laundering framework following media sting allegations; a thematic review of banks selling gold coins and wealth management products will assess systemic vulnerabilities, with final reports due by the prescribed deadline before further supervisory action. News - Tue, 19 Mar 2013 13:14:06 +0530 https://www.taxtmi.com/news?id=5004