Elevate Your Skills
Virtual Workshop on AML/CFT Risks from New Payment Systems: Implications for Banks
Professional Training Programs
Thursday, February 20, 2025
4.00 pm to 5.00 pm IST
Virtual Workshop
Overview
The rapid evolution of digital payment systems has reshaped the financial landscape, bringing both opportunities and challenges for banks. As the backbone of the payment infrastructure, banks play a crucial role in ensuring the integrity and security of transactions. However, this responsibility also exposes them to heightened risks of money laundering, terrorist financing, and other financial crimes.
Join us for an insightful workshop where we will explore the intersection of regulatory expectations, innovative technologies, and financial crime prevention. Participants will gain a comprehensive understanding of the digital payment ecosystem, the role of banks as acquirers, and the importance of robust KYC and transaction monitoring processes. Additionally, the session will highlight red flags associated with merchant accounts and provide practical insights into fostering collaboration between banks, fintechs, and other entities within the payment ecosystem.
Session Coverage:
- Overview of the digital payment ecosystem and its inherent risks.
- The pivotal role of banks in maintaining a secure payments environment.
- KYC and transaction monitoring processes tailored for new payment systems.
- Identification of red flags in merchant accounts maintained with banks.
- Responsibilities of banks as acquiring banks and their expectations from fintechs and other entities.
- Responsibilities of service providers of banks and other system participants.
Key Learning Objectives:
- Gain an understanding of the digital payment ecosystem.
- Learn about the critical AML/CFT risks associated with new payment systems and the proactive measures banks must adopt to mitigate these risks effectively
- Explore best practices for implementing KYC and transaction monitoring processes in new payment systems.
- Identify key red flags in merchant accounts and understand the collaborative expectations between banks, fintechs, and other ecosystem participants.
Speakers

Sagar Gandhi, Trainer, Fintelekt
Sagar Gandhi, a qualified Company Secretary and a LLB Gen, has more than 15 years of experience in the Compliance, Governance, AML functions spread across BFSI (Capital Markets, Banking, Payments, Credit).
Currently, associated with Groww as Director – Compliance where he established and is heading the Compliance and AML function for Credit and Payments covering NBFC, UPI , PA , TSP and other payments businesses.
Prior to which, he was associated with BillDesk where he established and headed the Compliance and AML function and with YES Bank as VP – Compliance where he lead the Enterprise Compliance testing and monitoring function, Compliance advisory for Digital Banking etc.
Sagar is an empaneled trainer with Fintelekt and has conducted several workshops and training programmes on fintech and payments.
Registration
This workshop is free to attend. Register here:
https://zoom.us/webinar/register/9617330470293/WN_ibTnu33GS5aZUHqCQ_QQxA
An optional Participation Certificate can be purchased here:
Price of Certificate: INR 1,500 (plus GST). Note that payments can only be made online. We will not be able to invoice participants or their organisations.
Please review the terms and conditions for the workshop, including our Cancellation and Refund Policy, here: https://fintelekt.com/terms-and-conditions/
For enquiries, please contact:
Oliver Dickson
Vice President
+91 98231 88864 / +91 93700 78917
oliver@fintelekt.com