Looking Beyond The COBRAPOST Sting What Should Banks Do?

Category: IT services   |   Presented By: 3iInfotech

The highlighted modus operandi included opening of accounts without the mandatory PAN card, opening of accounts to route the cash into the Bank’s menu of insurance products, facilitating splitting of the money to evade detection, using dummy accounts to faceplate the conversion of black money, modifying the client profile to make the investment unquestionable and helping the clients to transfer black money abroad through the non-resident accounts.

tags Security Threats | IT Infrastructure | BYOD | Networks | Cloud | Data Warehouse