Public-Private Partnership Essential to Combat Money Laundering, Terrorist Financing, Says Shri Amit Mohan Govil, Director, FIU-IND, at ARIFAC Conference

New Delhi, July 21, 2026: “As financial crime continues to evolve in complexity, both Public-Private Partnerships and Private-Private Partnerships are indispensable for achieving stronger Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) outcomes.,” said Shri Amit Mohan Govil, Director, Financial Intelligence Unit – India (FIU-IND), inaugurating FinSight – Beyond Transaction Monitoring: System-Wide Disruption of Financial Crime, a leadership conference for Designated Directors and Principal Officers from the banking ecosystem. The conference was organised by the Alliance of Reporting Entities in India for AML/CFT (ARIFAC).

Delivering the keynote address on the “Role of PPP for Effective AML/CFT Outcomes,” Shri Govil stressed that continuous training and capacity building of Designated Directors, Principal Officers and AML/CFT professionals must become a strategic priority for Reporting Entities to strengthen institutional resilience and improve the quality of financial intelligence.

The conference brought together banking leaders and FIU-IND to deliberate on strengthening governance, enhancing institutional capabilities, and driving greater collaboration to combat financial crime.

Shri Govil also underscored the importance of building a strong collaborative AML/CFT ecosystem through ARIFAC. He urged the Reporting Entities to actively support and participate in the initiative. He noted that ARIFAC represents a globally unique example of industry-wide private-private collaboration, bringing together institutions across the financial sector to collectively enhance capability, promote knowledge sharing, develop common standards, and strengthen India’s financial crime prevention framework.

Shri Robin Rawal, Additional Director, FIU-IND also addressed the conference. He highlighted the importance of developing robust legal and organizational frameworks to address the emerging challenges arising from rapid advancements in technology, emphasizing the need for forward-looking governance and regulatory preparedness.

His address was followed by leadership sessions, panel discussions and technology presentations covering key themes including tackling mule accounts and organised financial crime networks, strengthening governance and accountability of Designated Directors, emerging financial crime risks, proactive payments risk management and collaborative approaches to financial crime prevention.

Mr. Ravi Ranjan, Managing Director, State Bank of India spoke on “Tackling Mule Accounts and Organised Financial Crime Networks.” He highlighted the need for stronger governance, technology-enabled detection, inter-institutional collaboration, and proactive interventions to disrupt organised financial crime at scale.

Senior leaders from public sector banks, private sector banks, foreign banks, and small finance banks participated in the conference, reaffirming the banking industry’s commitment to strengthening AML/CFT governance through collaboration, technology and institutional capacity building.