SEBI plans to ease KYC process for NRIs: Improved remote access and quicker onboarding coming soon.
Predictive Monitoring SEBI has launched a new initiative focused on data-driven monitoring, utilizing AI and analytics to pinpoint ‘pump-and-dump’ schemes and catch fraud before it escalates. Pandey mentioned that SEBI has upgraded its data warehouse, allowing for predictive monitoring, which signifies a shift away from traditional reactive methods. Simplifying FPI Registration To enhance access for […]
UAE Central Bank halts bank’s Islamic services for new customer onboarding for six months
For the past six months, the central bank of the UAE has halted the Islamic windows of local banks from accepting new customers and has imposed fines totaling over DH33.5 million (around $953,632) for breaching Sharia Governance Rules. On Wednesday, the bank announced that these penalties came after a review by its Sharia supervisory body, […]