Money laundering, drug trafficking and terrorist financing are the lifeblood of transnational crimes. financial crime is characterised by complex inter-connectivity and is not defined by geography, industry, or the type of organisation. The organisational complexity of global corporations today increases the threat of financial crime simply by virtue of their size. Therefore, the focus on Anti-Money Laundering (AML) compliance by regulators across geographies has increased tremendously in recent years and continues to remain a priority due to high-value penalties and enforcement actions.

India is a hub for financial services and trading activity and, therefore, AML compliance becomes an important requirement to ensure that the financial system is not used to launder illegal proceeds and finance terrorism. The Prevention of Money Laundering Act, 2002 (PMLA), together with the rules and regulations prescribed by regulators such as the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) and Insurance Regulatory and Development Authority of India (IRDAI), sets out the broad AML framework in India. The country is also home to global operations of major financial and non-financial institutions that undertake their global AML operations due to availability of highly qualified and trained AML compliance professionals.

How we can help

KPMG in India’s AML services help prevent and combat a wide variety of money laundering and sanctions related risks for some of the top financial institutions across India, ASPAC (Asia Pacific) and EMEA (Europe, Middle East and Africa) region. We help our clients improve their ability to meet regulatory expectations and establish sound AML compliance programmes and control frameworks.

We bring in-depth experience of undertaking AML consulting and managed service delivery experience, as well as a network of more than 750 experienced AML professionals spread across multiple key locations in India. The team also boasts of more than 20 Certified Anti Money Laundering Specialist (CAMS). Our professionals understand the risks and complexities clients face, and offer extensive and customised AML and sanctions related services to help them respond appropriately.

KPMG in India has set - up a modern Offshore Delivery Centre (ODC), which is capable of delivering AML services through its top – notch data secure environment in an efficient manner across different time zones. Our progressive technology and flexible service offerings help organisations manage financial crime risk in a cost-effective and sustainable manner.

We provide tailored support related to AML and Counter-Terrorism Financing (CTF) and assist financial institutions across all stages of the AML lifecycle as illustrated below.

Key Contact