Fraud Deduction and Precaution Measures for Branchless Banking
Volume 5 Issue 1 2011
Download| Author(s): | Fareen Bhutto |
|---|---|
| Abstract | Branchless Banking is growing faster and becomes the key factor in modern technologies so it needs to be secure from each and every perspective it might be bank security or even customer security, as the technology is moving onwards everyone is concerned about security related to customer money but there is still gap to be filled is the bank secured while doing branchless transactions via retail agents. In this paper we have tried to make available proper branchless banking security by following SBP (State Bank of Pakistan) rules and regulations and provide guaranteed security with respect to AML (Anti Money Laundering) and KYC (Know Your Customer) procedures. This would help in reducing fraud and increasing productivity of banks. |
| Keywords | Branchless Banking, KYC, AML. |
| Year | 2011 |
| Volume | 5 |
| Issue | 1 |
| Type | Research paper, manuscript, article |
| Journal Name | Journal of Information & Communication Technology | Publisher Name | ILMA University | Jel Classification | - | DOI | - | ISSN no (E, Electronic) | 2075-7239 | ISSN no (P, Print) | 2415-0169 | Country | Pakistan | City | Karachi | Institution Type | University | Journal Type | Open Access | Manuscript Processing | Blind Peer Reviewed | Format | Paper Link | https://jict.ilmauniversity.edu.pk/journal/jict/5.1/3.pdf | Page | 22-29 |