🇮🇳India

एस्क्रो ऑडिट तथा KYC लागत अधिभार

2 verified sources

Definition

Stricter requirements for escrow operations, including separate certification for domestic/cross-border activities and time-bound bank shifts, drive up audit and compliance costs.

Key Findings

  • Financial Impact: 20-40 hours/month manual audit work; quarterly statutory certification costs estimated ₹5-10 lakh annually for mid-sized PA.
  • Frequency: Quarterly certifications; daily log maintenance
  • Root Cause: Lack of automated transaction logs and manual KYC verification

Why This Matters

The Pitch: Marketplace platforms in India spend 20-40 hours/month per auditor on escrow certification and KYC. Automation of audit trails and verification cuts this by 80%.

Affected Stakeholders

Internal Audit, Risk Management, Merchant Onboarding Team

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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