+91 - 9370078917       contact@fintelekt.com

Elevate Your Skills

Anti-Money Laundering Obligations for VASPs in India

Professional Training Programs

October 17, 2023

10.00 am to 1.00 pm

Virtual Workshop


The recent amendment of the Prevention of Money Laundering Act (2002) has brought Virtual Asset Service Providers (VASPs) in India under the AML regulatory framework. This virtual workshop by Fintelekt is designed to help the VASPs newly introduced to AML compliance to improve their understanding of how AML and financial crime risks can be managed. It aims to equip AML compliance teams with the knowledge and strategies required to navigate the landscape of AML obligations.         

Through this workshop, participants will be able to:

  • Gain a deeper understanding of AML regulations in India and their impact on VASPs
  • Learn practical strategies for enhancing AML compliance within the organization
  • Understand the latest developments in AML regulations and enforcement
  • Interact virtually with industry peers and experts to share experiences and insights
  • Access valuable resources and best practices to strengthen the AML compliance program.

Who Should Attend:
AML compliance, risk, legal and audit team and senior management members from VASPs in India

Participation Certificate


Workshop Agenda

10.00 am to 10.05 am
Opening Remarks
Arpita Bedekar,
Director – Strategy & Planning, Fintelekt Advisory Services Pvt Ltd

10.05 am to 10.45 am
Regulatory Expectations from VASPs
Ashima Batra,
Additional Director, Financial Intelligence Unit India (FIU-IND)

  • Primary responsibilities of the AML compliance team in a VASP and reporting obligations
  • Applying the risk-based approach to AML in the organisation
  • Implementing red flag indicators in the detection of suspicious transactions.

10.45 am to 11.30 am
Implementation of the Travel Rule
Malcolm Wright,
Independent Financial Crime Compliance Advisory, Associate Fellow, Royal United Services Institute (RUSI), United Kingdom
Former Senior Director, Regulatory Assurance and Compliance, Virtual Asset Regulatory Authority (VARA), Dubai

One of the most significant challenges in AML compliance for VASPs is the implementation of the Travel Rule. This session will focus on strategies for addressing this requirement effectively, including:

  • Understanding the Travel Rule and its significance
  • Challenges in implementation of the Travel Rule
  • Key considerations for implementation of the travel rule in India
  • Real-world case studies highlighting successful Travel Rule implementations.

11.30 am to 1.00 pm
Designing a Robust Monitoring and Screening Programme
Vijay Bharadwaj,
Senior Manager, Ingenia Consultants, Singapore

An effective AML programme is built on the foundation of robust monitoring and screening processes and systems. This session will delve into the practical aspects of developing and maintaining these systems within VASPs and will cover:

  • Best practices for customer identification and verification
  • Identifying and mitigating risks unique to virtual asset transactions
  • Transaction monitoring techniques to detect suspicious activities, considering both off-chain and on-chain information
  • Leveraging technology and tools to streamline compliance efforts

1.00 pm
Closing Remarks


Participation Fees



To register, contact:

Karishma Dattani
Fintelekt Advisory Services Pvt Ltd
+91 93700 78917 / +91 90490 08840

This is a staging enviroment