India

Network and connect with the elite community of crime fighting professionals

India

Network and connect with the elite community of crime fighting professionals

The ACFCS India Chapter is a forum to nurture your learning, networking opportunities & professional knowledge in Financial Crime. The Chapter membership will support you to explore the dynamic and ever-growing FinCrime Compliance space and help in accessing information globally on related areas. The Chapter will also facilitate application of real life examples and cases through knowledge sharing sessions where members can exchange ideas and share inputs.

OUR MISSION

The mission of the India Chapter is to build and foster a community of like-minded, innovative and enthusiastic professionals with a core affinity towards minimizing the impact of FinCrime (Fraud, Money Laundering, Bribery, Sanctions) on the country’s economy and work towards substantiating benefits of increased visibility and awareness of FinCrime Compliance controls and governance.

OUR VISION

The vision of the India Chapter is to promote ACFCS as the country’s leading forum in combating financial crime by developing a network of skilled professionals with an objective of creating a society protected from financial crimes in this dynamically complex and everchanging economic landscape.
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Vikram Babbar

Chair

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Vikram Babbar (Chair) is a Partner & FCC Lead, AML CoE, India at EY Forensics and Integrity Services with around 18 years of professional experience. Vikram has worked closely with Financial Services Regulators across the regions in Fraud and Financial Crime Compliance, Sanctions and Regulatory Compliance audits and has delivered training programs for regulators in the area of forensic investigation of corporate borrowers. He has been involved in the engagements with various organizations involving Financial Crime Compliance transformation, setup and implementation of fraud risk management framework, supporting organization with implementation of tools and technology enablers around KYC Due Diligence and Risk Scoring, Sanctions Compliance, AML & Fraud risk transaction monitoring as well as detection of early warning signals. He has also suggested innovative methodologies using RPA and Automation in the area of Financial Crime Compliance.

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Abhishek Bali

Co-Chair

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Abhishek Bali (Co-Chair) is the CEO of ZIGRAM, a leading data asset organization. In his current role, Abhishek leads various business initiatives and data solutions that leverage machine learning, artificial intelligence, and deep technology applications, to solve real-world problems. Some of the products and technologies developed by him are in the space of Anti-Money Laundering (AML), Politically Exposed Persons (PEPs), KYC/DD, Adverse Media, Sanctions, Cannabis Businesses, High-Risk individuals, and Entity Monitoring.

Before setting up ZIGRAM, Abhishek worked at KPMG, where he led teams and global engagements in Financial Crimes Compliance, with a focus on Anti-Money Laundering (AML), Anti-Bribery Compliance (ABC), Forensic Investigation, Supply Chain Risk and Data Analytics.

Prior to joining KPMG, he served in various senior roles at BMR Advisors, Dun & Bradstreet and Axis Bank. Over the last decade, he has become a leading voice and champion of Data Assets and its usage in the domains of Financial Crimes, Risk and Compliance.

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Nitesh Ramakrishnan

Co-Chair

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Nitesh Ramakrishnan (Co-Chair) is Ethics and Compliance Lead (India) at Google Operations Center. In his role, Nitesh is responsible for design, develop, implement, and monitor compliance programs for Google Operations Center India and ensure the effective implementation of these programs.

Before taking on his role at Google Operations Center, Nitesh worked at leading global financial institutions like JP Morgan, Western Union, Credit Suisse, Deutsche Bank and Accenture. Nitesh, has more than 20 years of experience in providing oversight in the areas of Anti-Money Laundering, Anti-Corruption and OFAC/Sanctions laws.

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Manoranjan Mohapatra

Co-Chair & Communications Director

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Manoranjan Mohapatra (Co-Chair & Communications Director) is a Certified Financial Crime Specialist (CFCS). He also holds AML certifications from International Compliance Association (ICA) as well as IIBF, India. He was associated with KPMG, EY, Societe Generale, HSBC, Standard Chartered, ICICI Bank as well as AXA, at various capacities in the FCC and AML domain, for close to 12 years. He has worked extensively on KYC, CDD, Sanctions Compliance, Transaction Review, Risk Consulting, AML Audit, and various aspects of Regulatory Compliance. He is also a trainer on these subjects, and also leads quality controls and audit engagements.

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Prashant Sinha

Co-Chair & Membership Director

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Prashant Sinha (Co-Chair & Membership Director) has diverse experience more than 18 years in fields of Retail Banking Business, Internal Audit and Anti Money Laundering. He was associated with HDFC Bank and YES Bank and is currently working as Principal Officer & Head of Anti-Money Laundering unit (AML) at Bandhan Bank Ltd.

He is a qualified MBA in Finance, holding global prestigious certifications from ACFCS (Certified Financial Crime Specialist), CGSS (Certified Global Sanction Specialist) , ACAMS (Certified Anti Money Laundering Specialist), and other international certification like CBFP (Certified Bitcoin Finance Professional), Trade Based Money Laundering (TBML-ACAMS), Anti-Human Trafficking (ACAMS), CASINO (AGLC-Canada), and domestic certifications in CAMI (Certified Anti Money Laundering Investigator), Foreign Exchange (IIBF), KYC/AML(IIBF) etc.

Being an enthusiastic learner himself, he is constantly continuing his education and advocates professionals to broaden their knowledge, cross function, and develop a strong compliance culture across all business operations. He possesses leadership, analytical, and problem-solving skills which help him to ensure effective compliance.

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Pallavi Ajmera

Convenor

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Pallavi Ajmera (Convenor) is a seasoned Chartered Accountant (CA), also holding the global prestigious CFCS certification in Financial Crime and other domestic certifications in currency derivates, mutual fund advisory, financial planning, and insurance. She has rich experience of over 20 years in field of Investment Banking, Merchant Banking, Consultancy, and Investment advisory having worked with DSP Merrill Lynch, ICICI Bank and presently Ajcon Global Services Limited.

She possesses strong analytical, logical and problem-solving skills which help her to look beyond the numbers and deal with the business realities of situations, understand and analyze business risks and vulnerabilities.

Being an enthusiastic learner herself, she strongly advocates continuous learning and needs for professionals to broaden their knowledge, cross function, and develop vigilance across all business operations.

She spearheads the ACFCS (Association of Certified Financial Crime Specialists) India affiliation with Ajcon Consultants Pvt. Ltd to facilitate training in the most challenging field- financial crime prevention, detection, investigation, and enforcement.

Her strong business acumen, cross leveraging business relationships, never fading enthusiasm and perseverance, enables her to develop strategic partnerships, deliver value and connect with the most distinguished and experienced professionals working in Financial Crime domains and Finance.

She is also the driving force behind the venture – ‘Project Share The Wisdom’, a knowledge-rich platform on YouTube that serves millions across the globe and is associated with several forums, NGOs, professional networks.

Forming the ACFCS India Chapter, furthers her objectives to build a robust taskforce of finance professionals in India and serve the nation.

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Shailesh Deshpande

Programming Director & Event Coordinator

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Shailesh Deshpande (Programming Director & Event Coordinator) is Vice President of Growth at JOCATA, a leading RegTech company headquartered in Hyderabad, India. He brings nearly 20 years of professional experience in consulting and technology companies and has worked on multiple transformation engagements for the US Federal Government.

In his current role at JOCATA, Shailesh leads the team responsible for driving RegTech adoption for the BFSI industry and helps clients fight financial crime using applied intelligence. He has a Masters’ degree in Computer Science from Virginia Tech and a Bachelors in Electronics & Telecommunication Engineering from University of Pune.

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Kinnari Gandhi

Programming Director & Event Coordinator

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Kinnari Gandhi (Programming Director & Event Coordinator) is a qualified Chartered Accountant and a Certified Public Accountant (USA). She is a Principal with Acquisory in our Mumbai Office and has over 15 years of working experience with the Big 5 and other consulting firms in the Transaction Advisory Practice.

Her work experience includes areas such as- Financial due diligence, Business plan reviews, Deal and negotiation support, Vendor assistance and Data room management, Background checks on behalf of investors, Forensic reviews etc. She also had a stint as an entrepreneur where she focused on the Insolvency Practice and provided support services to Resolution professionals.

Kinnari is active in giving presentations and imparting training in various seminars including the ones conducted by WIRC- ICAI in the forensic and transaction advisory space. She is an active member of the CII –Women Network as well and has co-authored various publications in her previous organization in the start-up and private equity space.

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Anurag Jagnani

Secretary & Communications Director

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Anurag Jagnani (Secretary & Communications Director) has 10years of professional experience in Internal Audits, Compliance, Enterprise Risk Management, Fraud Detection, Prevention, Investigations and Forensic reviews (including Anti Bribery & AML). Has worked for various hospitality, retail and technology companies across India and Asia Pacific. He started his career as a Risk Management Consultant with Price Water House Coopers and is currently working with one of the largest hospitality brands in the world covering Anti bribery, Anti-Money Laundering, Financial Fraud and Forensic Investigations for India and South East Asia. He is a member of the Institute of Chartered Accountants of India (ICAI), holds a Bachelor Degrees in Commerce from University of Calcutta, India and is a Certified Internal Auditor, Certified Fraud Examiner, Certified Information System Auditor, Computer Hacking Forensics Investigator, Certified Sarbanes Oxley Expert, Certified Blockchain Expert and Certified RPA Professional Outside of his professional expertise. He is a technology lover and aspires to use his innate tech skills to build one of the World’s largest startups in the Learning and Education sector.

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Amit Bhatia

Treasurer

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Amit Bhatia (Treasurer) is the Head of Compliance and Risk at Avenue Payments India Limited. He is an experienced professional with over 9years of experience specializing in Anti-Money Laundering, Sanctions, Frauds – Prevention and Detection, Anti Bribery, Corruption, and other areas of Financial Compliance.

Prior to joining Avenues, he was with Mizuho Bank, where he managed the Compliance Action Program and Information Control Action Program for the bank.

Amit has also worked with Travelex, Morgan Stanley, HDFC Bank and Bank of Bahrain and Kuwait (BBK).

He is a Commerce Graduate from Mumbai University and is a Certified Anti Money Laundering Specialist (ACAMS), Certified Financial Crime Specialist (ACFCS) and Certified Fraud Examiner (ACFE).

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Dr. Ashok Ajmera

Chapter Advisor

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Dr. Ashok Ajmera (Chapter Advisor) is a qualified Chartered Accountant with over 40 years of experience in Corporate Advisory Services, Capital Markets, Investment Banking, and financial engineering. Presently he is the Chairman of Ajcon Group of Companies engaged in the entire gamut of financial services.

In the past, Dr. Ajmera has been very active on the committees of NSE, BSE and Brokers Associations. He was an independent director on the Board of Canarabank Securities Ltd and has served on the boards of BBF, JITO Incubation & Innovation Foundation and many others. Dr. Ajmera has given more than 2,000 interviews in the capital markets in almost all the business and news channels.

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Avik Biswas

Chapter Advisor

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Avik Biswas (Chapter Advisor) is a partner at IndusLaw and is part of the leadership of two standalone practice areas – Anti-Bribery & Anti-Corruption (ABAC) practice group and the Employment Law practice group.

Avik, since 2011, has been ranked by Chambers and Partners, Legal 500, Who’s Who Legal, AsiaLaw and India Business Law Journal as one of India’s top lawyers. Avik regularly speaks on anti-bribery and anti-corruption matters and employment law nuances at events in India and overseas, including at conferences of the International Bar Association.

Prior to joining IndusLaw in 2015, Avik has donned multiple roles including being a senior member of the in-house legal team of Infosys Technologies.

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Dhruv Chawla

Chapter Advisor

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Dhruv Chawla (Chapter Advisor) leads the Financial Crime and Compliance practice for PwC in India. He has over 20 years of experience advising clients on how to manage their reputational and financial risk arising out of fraud, litigation, regulatory, compliance and sanction matters. He has extensive global experience ranging from managing complex multi-jurisdictional client engagements in the areas of Regulatory Compliance, Corporate Investigations, and Litigation issues to working on strategic initiatives for assessing operational effectiveness, designing and implementing Fraud Risk and Financial Crime Monitoring processes and solutions. In his role, he has helped clients in matters related to Anti Money Laundering /KYC/Sanctions/FATCA compliance and remediation, BSA, securities trading surveillance, FATCA, Non-performing Assets (NPA) investigations, fraud and misconduct, and other regulatory driven inquiries. Dhruv is professionally affiliated with renowned associations like – Association of Certified Examiners (ACFE), Association of Insolvency and Restructuring Advisors (AIRA) and American Bar Association (ABA).

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G. Gopalakrishna

Chapter Advisor

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G. Gopalakrishna (Chapter Advisor) worked for Reserve Bank of India (RBI) and CAFRAL for over 37 years. As a career Central Banker, he worked in various capacities in various departments of RBI thus having all round experience as a Regulator and Supervisor. RBI in April 2014 appointed Gopalakrishna as Director, Centre for Advanced Financial Research and Learning (CAFRAL) promoted by RBI.

Gopalakrishna was Executive Director, RBI from October 2007 to April 2014 and was overseeing the Department of Banking Supervision, Dept. of Non-Banking Supervision, Department of Payment & Settlement System, Financial Stability Unit, Department of Communication, Dept. of Information Technology, and Foreign Exchange Department. He also headed the Deposit Insurance and Credit Guarantee Corporation (DICGC).

RBI had appointed him as the Chairman of Working Group (WG) on Information Security, Electronic Banking, Technology Risk management and Cyber Frauds in 2010 and the recommendations of WG was implement by RBI in April 2011 for all banks and financial institutions. The focus of the WG Report was on Information Security, Governance, Audit, BCP and cyber frauds. The guidelines issued by the RBI based on the WG report has become an Industry Standard for banks and financial institutions. Gopalakrishna   also headed the Group which created RBS Rating Model which was accepted and incorporated by the High-level Committee on Re-designing the supervisory architecture of RBI in 2012. In 2013 RBI appointed him as Chairman, Inter-Regulatory Committee of the FSDC which recommended and created Legal Entity Identifier (LEI) in India. He also led the RBI’s internal team which created the Large Credit Registry (CRLIC) in 2014. RBI in 2014 appointed him as the Chairman of the Committee on Capacity Building in Banks and Non-banks and the recommendations of the Committee was implemented by RBI/IBA in 2016 including implementing Certification in Credit Management, Risk Management, Treasury and Balance Sheet management.

As Director, CAFRAL   his main responsibility included creating Research teams and identifying areas of research and provide to RBI and various stake holders with research papers/inputs including visiting Economist from abroad. He was responsible for capacity building of the Senior Management including MD and CEOs, Board of Directors of the Banking and financial sector by organizing workshop/seminars/ conferences both in India and abroad.

He is currently Independent Director on few companies and Director, Risk and Compliance Professional Association (RCPA) a Section 8 Not-For Profit company set up for both on-line and classroom-based training in Risk management and Compliance.

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Sunder Krishnan

Chapter Advisor

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Sunder Krishnan (Chapter Advisor) is Chief Risk Officer at Reliance Nippon Life Insurance Company, one of India’s leading life insurance companies. Reliance Nippon Life is a joint venture between Reliance Capital Limited and Nippon Life, Japan.

Out of a career spanning over three decades, Mr. Sunder has dedicated 14 years to Reliance Nippon Life, where he has been at the helm of Enterprise Risk Management and Internal Audit, BCP, Information Security, Legal, Secretarial, Claims and Compliance. He has judiciously used technology to implement a risk-based strategy across all these functions. Mr. Sunder’s profile includes leading companies like DSP Merrill Lynch, ING Vysya, Credit Lyonnais, Standard Chartered, Bank International Indonesia, Ernst & Young and Deloitte. His experience spans more than 12 countries, in significant roles with exposure to bank businesses and operations.

Mr. Sunder is a Bachelor in Commerce and Economics, Chartered Accountant, Certified Information Systems Auditor (CISA), Inter Company Secretary and Check Point Certified Security Administrator (CCSA); and is certified in the Enterprise-Wide Risk Management Program from Asian Institute of Management (AIM), Manila. He is the recipient of a distinctive recognition from the Institute of Chartered Accountants of India (ICAI), who named him ‘Best Professional Achiever’ for 2011.

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Rajkumar Shriwastav

Chapter Advisor

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Rajkumar Shriwastav (Chapter Advisor) is Partner at SK Vestigium LLP and Advisor for Protiviti India Member Firm. He is a former law enforcement officer. Rajkumar has worked with Deloitte, EY, and Citibank NA. He has a total of over 31 years of investigation experience. He is a decorated officer, honored with Insignia, multiple rewards and commendations while serving with Indian Police.

In his role, he has managed and led high-profile fraud investigation assignments in sectors such as banking, aviation, entertainment, automobile, retail, and other industries. He has played a significant role in pioneering asset tracing investigation. He provides legal and law enforcement support to his clients. He has assisted his clients with workplace sexual harassment investigation cases in India and abroad.

He, along with his colleague in July 2018, founded a Partnership Firm SK Vestigium LLP. He assisted Fortune500 companies, MNCs, and large local companies with various forensic solutions. While working with EY as one of the Directors, he has successfully set up a high performing team with diverse competencies for fraud investigation and asset tracing. He played a vital role in setting up a vigilance framework during his tenure as Vice President-Vigilance at Citibank NA. During his tenure with Deloitte, he had set up field investigation teams across India. While serving with law enforcement agencies, he unearthed high profile scams, investigated corruption & bribery cases, and successfully secured convictions against the perpetrators indulged in such misconducts.

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See What Certified Financial Crime Specialists Are Saying

"The CFCS tests the skills necessary to fight financial crime. It's comprehensive. Passing it should be considered a mark of high achievement, distinguishing qualified experts in this growing specialty area."

KENNETH E. BARDEN 

(JD, Washington)

"It's a vigorous exam. Anyone passing it should have a great sense of achievement."

DANIEL DWAIN

(CFCS, Official Superior

de Cumplimiento Cidel

Bank & Trust Inc. Nueva York)

"The exam tests one's ability to apply concepts in practical scenarios. Passing it can be a great asset for professionals in the converging disciplines of financial crime."

MORRIS GUY

(CFCS, Royal Band of

Canada, Montreal)

"The Exam is far-reaching. I love that the questions are scenario based. I recommend it to anyone in the financial crime detection and prevention profession."

BECKI LAPORTE

(CFCS, CAMS Lead Compliance

Trainer, FINRA, Member Regulation

Training, Washington, DC)

"This certification comes at a very ripe time. Professionals can no longer get away with having siloed knowledge. Compliance is all-encompassing and enterprise-driven."

KATYA HIROSE
CFCS, CAMS, CFE, CSAR
Director, Global Risk
& Investigation Practice
FTI Consulting, Los Angeles

READY TO BEGIN YOUR JOURNEY TOWARDS
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