India has strict outsourcing laws.  what are those laws enacted by the Royal Bank of India (RBI). if my law firm  has a local banking branch in India, and the branch wants to outsource certain automated AML and OFAC related reviews to service provider ABC Tech located in Malaysia. if the proposed outsourcing to ABC Tech falls within the scope of the outsourcing laws, and if so, what are the restrictions and what must the Indian Bank do in order to outsource this service?

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The Reserve Bank of India RBI has laid out specific guidelines governing outsourcing by banks many of which dovetail with antimoney laundering AML and ... View the full answer