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Co-Sponsors
SOURCE : NEWSPAPER ADS RELEASED BY FIU STOCK EXCHANGE LTD.

SOURCE OF INFORMATION : MINISTRY OF FINANCE - FINANCIAL INTELLIGENCE UNIT
PERIOD COVERED : 14-FEB-2013 TO 30-APR-2026

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

COMPANIES: DEFAULTED IN REPORTING OF REQUIRED INFORMATION

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
21
History of entity/person SATANA MERCHANTS' CO-OPERATIVE BANK LTD.  
  DID NOT FILE CASH TRANSACTIONS REPORTS (CTRS)

DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS   		DIRECTED TO ENSURE SUITABLE TRAINING IN AML/CFT FOR THE CONCERNED STAFF

IMPOSED FINE RS.25,000

18-SEP-2023
22
History of entity/person SHIVAJIRAO BHOSALE SAHAKARI BANK LTD.  
  DID NOT REPORT CASH TRANSACTIONS AND/OR DELAY IN REPORTING CASH TRANSACTIONS REPORT

DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS   		IMPOSED FINE RS.4,50,000

31-OCT-2022
23
History of entity/person SRI RAMA CO-OPERATIVE BANK LTD.  
  DID NOT PUT IN PLACE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT CASH TRANSACTIONS REPORTS (CTRS)   IMPOSED FINE RS.3,50,000

05-JAN-2021
24
History of entity/person STAR UNION DAI-ICHI LIFE INSURANCE CO.LTD.  
  DELAY IN REPORTING OF SUSPICIOUS TRANSACTIONS

DID NOT FURNISH ALL REPORTABLE TRANSACTIONS INCLUDING INTEGRALLY CONNECTED TRANSANCTIONS   		IMPOSED FINE RS.1,00,000

02-JUL-2014 		APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT AT NEW DELHI VIDE ITS ORDER DATED 09/07/2015 DISMISSED THE APPEAL. NO COSTS
25
History of entity/person TVS CREDIT SERVICES LTD.  
  DID NOT ENSURE OFFICIALLY VALID DOCUMENTS FOR PROOF OF ADDRESS AND IDENTITY VERIFIED WITH ORIGINALS

DID NOT FILE SUSPICIOUS TRANSACTIONS REPORTS (STRS)

SYSTEM DID NOT THROW ALERTS WHEN TRANSACTIONS WERE INCONSISTENT WITH RISK CATEGORISATION AND UPDATED CUSTOMER PROFILE   		DIRECTED TO RE-EXAMINE SYSTEM FOR DETECTING AND REPORTING SUSPICIOUS TRANSACTIONS

WARNED/DIRECTED TO PAY DUE

27-JAN-2022
26
History of entity/person UTKAL CO-OPERATIVE BANK LTD.,THE  
  DID NOT DO KYC AND ONGOING DUE DILIGENCE VIOLATING SECTION 12 OF PML ACT, 2002 READ WITH RULE 9(1) OF PML (MAINTENANCE OF RECORDS) RULES, 2005

DID NOT FILE SUSPICIOUS TRANSACTIONS REPORTS VIOLATING RULES 3(1)(A), 3(1)(B), 7(2) AND 7(4) OF PREVENTION OF PML (MAINTENANCE OF RECORDS) RULES, 2005   		IMPOSED FINE RS.8,00,000

27-OCT-2020
27
History of entity/person UTKAL CO-OPERATIVE BANK LTD.,THE  
  DID NOT FILE CASH TRANSACTIONS REPORTS (CTRS)

DID NOT FILE SUSPICIOUS TRANSACTIONS REPORTS (STRS)   		IMPOSED FINE RS.1,00,000

DIRECTED TO ENSURE SUITABLE TRAINING IN AML/CFT FOR THE CONCERNED STAFF

09-FEB-2024
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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