https://www.taxtmi.com/news?id=40456 Financial crime risk in India is expected to rise, driven mainly by cybersecurity and AI misuse, while many financial crime compliance programs are judged ineffective due to limited technology investment and weak governance. Firms report mixed impacts from AI adoption-used for detection and network analysis but also seen as a risk-and express low confidence in sanctions screening, supply-chain threat assessment, and preparedness for geopolitical and crypto-related risks. The document stresses the need for stronger governance, better compliance technology, and adaptive screening approaches to meet evolving regulatory demands. en-us Thu, 10 Apr 2025 10:16:03 +0530 Thu, 10 Apr 2025 10:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40456 Financial crime risk in India is expected to rise, driven mainly by cybersecurity and AI misuse, while many financial crime compliance programs are judged ineffective due to limited technology investment and weak governance. Firms report mixed impacts from AI adoption-used for detection and network analysis but also seen as a risk-and express low confidence in sanctions screening, supply-chain threat assessment, and preparedness for geopolitical and crypto-related risks. The document stresses the need for stronger governance, better compliance technology, and adaptive screening approaches to meet evolving regulatory demands. News - Thu, 10 Apr 2025 10:16:03 +0530 https://www.taxtmi.com/news?id=40456