KFintech, APMI launch anti-money laundering platform

KFintech and the Association of Portfolio Managers in India (APMI) have collaborated to introduce InPro, an advanced anti-money laundering (AML) and compliance operations platform. As part of the agreement, APMI will adopt InPro as its primary AML compliance platform for all members. This move ensures that portfolio managers across the industry gain access to a shared technology infrastructure for screening, reviewing, and managing AML alerts.

By utilizing InPro, APMI members can now access a unified platform that consolidates AML screening, continuous monitoring, case management, and audit trails into a single operating environment. The platform enables providers of Portfolio Management Services (PMS) to screen investor profiles against a range of global sanctions lists, Indian debarment lists, politically exposed person (PEP) databases, regulatory watchlists, and adverse media sources.

Screening can be performed during the onboarding process and subsequently whenever key customer information or other relevant risk indicators undergo changes. The platform requires comments to be in English and written as full sentences, prohibiting abusive or personal remarks. Users must adhere to community guidelines when posting comments.

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