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ARIFAC
Working Groups

ARIFAC Working Groups

ARIFAC's Working Group brings together reporting entities to address emerging AML/CFT risks through practical guidance, peer learning, and sector-specific problem solving.

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About the Working Groups

A collaborative forum for the operational edges of AML/CFT.

The Working Groups serves as ARIFAC's collaborative forum for focused discussion on operational AML/CFT challenges affecting banks, payment intermediaries, digital platforms, virtual digital asset service providers, cross border remittance, Capital Markets, Insurance, Trade remittance, DNFBs NBFCs etc.

It supports structured information sharing on typologies, controls, supervisory expectations, and implementation issues so that members can strengthen risk management in a coordinated and practical manner.

Working Group Outputs

Best practices notesTypology insightsTraining inputsSectoral guidance
The Index

Six working groups.
One shared agenda.

A structured forum for surfacing industry challenges, exchanging approaches, and documenting effective practices.

01

Sanctions Screening and Watchlist Filtering

Current Problem Statements

  • Reducing false positives and optimising alert volumes in sanctions screening
  • Standardising Indian watchlists, negative lists and adverse-entity databases
  • Regulatory treatment and screening implications of MCA struck-off and shell-company lists
  • Sanctions screening obligations for domestic transactions in India
02

Enhanced Due Diligence for High-Risk Customers

Current Problem Statements

  • Defining high-risk customers (HRCs)
  • Risk-categorisation methodologies across sectors
  • Source of Funds (SoF) and Source of Wealth (SoW) validation challenges
03

Digital Banking and Mule Account Risk Assessment

Current Problem Statements

  • Mule account creation through digital onboarding
  • Mule detection and monitoring
  • Information sharing across institutions
  • Sharing typologies, red flags and emerging fraud patterns
04

Virtual Digital Asset Service Providers (VDASPs)

Current Problem Statements

  • Travel Rule and wallet attribution
  • Monitoring, screening and detection
  • Governance, reporting and industry practices
  • AI-enabled financial crime and emerging risks in the digital asset ecosystem
05

Cross Border PAs and AD Category-I Banks on Requests for Information

Information-sharing challenges and response frameworks between cross-border PAs and AD Category-I Banks handling Red Flag Indicators.

06

Banks and Payment Aggregators on Mule Account Identification and RFIs

How banks and payment aggregators identify mule accounts, share red flags, and respond to RFIs on suspicious patterns.

To be a part

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Express Interest

Please note: You may express your interest to be part of the working groups, however since we have only limited capacity in every group, our team shall come back to you with a final confirmation on your participation.