This training module provides a comprehensive overview of Merchant Due Diligence, Digital Payment Frauds, and AML risks, which are critically important for Payment Aggregators and Acquiring Banks. It emphasizes the need for robust Know Your Merchant (KYM) controls, including KYM in special circumstances. The module is aligned with regulatory expectations set by the RBI and AML obligations under the PMLA. It covers common Merchant Fraud & AML typologies such as shell/front merchants, account takeover, and transaction laundering, while providing guidance on effective onboarding, risk assessment, and ongoing monitoring practices. Most importantly, it also covers Merchant side weaknesses-, customer abuse patterns and potential fraud & AML indicators in payment flows. Overall, the training aims to strengthen compliance and risk management frameworks for Payment Aggregators and clarify the roles and responsibilities of acquiring banks facilitating non-bank PAs.

About the Trainer

Dr Srinivas Yanamandra

Empaneled Trainer

Dr Srinivas Yanamandra is a Fintech Consultant and has around 25 years of regulatory compliance experience across commercial banking, development banking and fintech industry domains. He worked earlier as a compliance officer at ICICI Bank, AML Principal Office at IDFC First Bank, Chief of Compliance at BRICS New Development Bank (Shanghai) and Group Head of Regulatory Affairs at Paytm. He is currently associated as Visiting Professor at various law / public policy Schools in India and abroad designing and delivering lectures in the areas of fintech innovation, electronic payments, digital lending, AI, data protection, and cyber security laws.