KFin, APMI launch common AML platform for PMS firms
In short
KFin Technologies and APMI launched InPro in Mumbai. The platform is meant for PMS firms and is aimed at ongoing AML checks beyond client onboarding, with SEBI Chairman Tuhin Kanta Pandey launching it.
It could help firms watch for money-laundering risks more closely. The reporting does not say how many firms will use it or when it will roll out.
What the reporting says
KFin Technologies and APMI launched InPro, a common anti-money-laundering compliance platform for portfolio management service firms, in Mumbai. CNBC TV18 said SEBI Chairman Tuhin Kanta Pandey launched the platform to strengthen ongoing monitoring beyond client onboarding. The reporting does not state how many firms will use it or when adoption will begin.
Why it matters
KFin Technologies and APMI launched InPro in Mumbai for PMS firms, with SEBI Chairman Tuhin Kanta Pandey associated with the launch. The platform is meant to support ongoing anti-money-laundering monitoring after onboarding. The reporting does not state pricing, rollout timing, or adoption numbers, so the near-term impact on compliance costs or workflows is unclear.