Banks, fintechs join forces to fight money laundering, terror financing under new platform
- Posted on June 16, 2026
- By Business News Today
- 0 Views
- 1 min read
Banks, fintechs join forces to fight money laundering, terror financing under new platform
India's financial sector has launched a new platform called ARIFAC. This initiative brings together banks, NBFCs, payment firms, insurers, and other entities. ARIFAC aims to improve anti-money laundering and combating financing of terrorism efforts. It will focus on training, sanctions, and digital risks. The platform will foster collaboration and enhance compliance standards across the industry.
