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By Alun John

HONG KONG, June 7 (Reuters) - Regulators need to do more to allow new technologies that could help in the fight against money laundering, as financial institutions are struggling with ever-growing compliance costs, an Asia finance industry group said on Thursday.
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BENGALURU, March 3 (Reuters) - The Reserve Bank of India said on Friday it imposed a penalty of 30.7 million rupees ($374,770) on Amazon Pay Private Ltd for non-compliance with directions on prepaid payment instruments and Know Your Customer (KYC) rules.
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She's known for being a sharp dresser and today was no exception for Queen Letizia of Spain as she stunned in a crisp white trouser suit. 

The royal put a fashionable spin on business-like chic as she joined her husband King Felipe at theRoyal Palace of El Pardo in Madrid.
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GeneralA
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Know Your Customer, majorly known as KYC, is for the purpose of evading any money laundering issues which have taken place in recent past.
It helps any financial institutions to get the details of customer's identity and thus keep watch on any illegal acts.
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Yes, C.S. Lewis did have a wife in his later years.

Her name was Joy Davidman Gresham.
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The average battery-powered car sold in Britain can now travel almost 260 miles on a single charge with electric vehicle ranges more than trebling in the last ten years.
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By Alun John

HONG KONG, June 7 (Reuters) - Regulators need to do more to allow new technologies that could help in the fight against money laundering, as financial institutions are struggling with ever-growing compliance costs, an Asia finance industry group said on Thursday.