| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
IIFL SECURITIES LTD.
|
|
|
DID NOT HAVE IN PLACE WELL-DEFINED INCOME RANGES AND NET-WORTH INFORMATION WHICH WOULD FACILITATE TRANSACTION MONITORING AND REPORTING
DID NOT PROPERLY RAISE ALERTS AND CONSIDER ADVERSE ORDERS OF SEBI FROM THE PERSPECTIVE OF AML TRANSACTIONAL MONITORING AND REPORTING OBLIGATIONS
|
DIRECTED TO FILE CERTIFICATION UNDER SIGNATURE OF DESIGNATED DIRECTOR AND PRINCIPAL OFFICER THAT DIRECTED MEASURES WOULD BE IMPLEMENTED WITHIN THE PERIOD PRESCRIBED
IMPOSED FINE RS.1,00,000
21-OCT-2022
|
|
| 42 |
|
|
INDIAN BANK
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.1,00,000
03-SEP-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018 |
| 43 |
|
|
INDIAN OVERSEAS BANK
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.2,00,000
01-OCT-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018 |
| 44 |
|
|
INDIAN OVERSEAS BANK
|
|
|
DID NOT FILE CERTAIN THRESHOLD BASED REPORTS WITHIN TIMELINE VIOLATING SECTIONS 12 AND 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 3,4,5,7 AND 8 OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT IMPLEMENT EFFECTIVE INTERNAL MECHANISM TO REPORT SUSPICIOUS TRANSACTIONS REPORTS ETC VIOLATING SECTION SECTIONS 12 AND 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 3,4,5,7 AND 8 OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.10,40,000
29-JUL-2019
|
|
| 45 |
|
|
INDICA TRAVEL & TOURS PVT.LTD.
|
|
|
DID NOT APPOINT DESIGNATED DIRECTOR AND PRINCIPAL OFFICER AS REQUIRED UNDER RULE OF 7(1) PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
|
IMPOSED FINE RS.1,00,000
WARNED/DIRECTED TO PAY DUE
31-OCT-2022
|
|
| 46 |
|
|
INDUSIND BANK LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.4,00,000
30-SEP-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018 |
| 47 |
|
|
ING VYSYA BANK LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.3,00,000
04-SEP-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018 |
| 48 |
|
|
JAMMU & KASHMIR BANK LTD.,THE
|
|
|
DID NOT FILE REPORT MANDATED BY ALERT ISSUED UNDER SECTION 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002
|
IMPOSED FINE RS.2,00,000
18-DEC-2020
|
|
| 49 |
|
|
JAMMU & KASHMIR BANK LTD.,THE
|
|
|
DID NOT FILE SUSPICIOUS TRANSACTIONS REPORTS (STRS)
DID NOT CONDUCT ROBUST KNOW YOUR CLIENTS (KYC) AND DUE DILIGENCE OF CUSTOMER’S ACCOUNT
|
IMPOSED FINE RS.3,00,000
01-NOV-2022
|
|
| 50 |
|
|
JHARKHAND STATE CO-OPERATIVE BANK LTD.
|
|
|
DID NOT HAVE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT OF SUSPICIOUS TRANSACTIONS VIOLATING RULE 5(2) AND 7(3) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.14,40,000
09-MAY-2019
|
|
| 51 |
|
|
JOWAI CO-OPERATIVE URBAN BANK LTD.
|
|
|
DID NOT FILE REPORT MANDATED BY ALERT ISSUED UNDER SECTION 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002
|
IMPOSED FINE RS.4,00,000
06-APR-2021
|
|
| 52 |
|
|
KODOLI URBAN CO-OPERATIVE BANK LTD.
|
|
|
DID NOT EVOLVE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT OF CASH TRANSACTIONS VIOLATING UNDER SECTION 12 OF THE ACT. READ WITH RULES 3(1)(A), 3(1)(B), 5(2), 7(2), 7(3) AND 7(4) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DELAY IN FILING OF CASH TRANSACTION REPORTS (CTRS)
|
IMPOSED FINE RS.4,60,000
11-FEB-2022
|
|
| 53 |
|
|
KONARK URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT PUT IN PLACE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS REPORTS (STRS)
|
IMPOSED FINE RS.1,00,000
27-OCT-2020
|
|
| 54 |
|
|
LATUR URBAN CO-OPERATIVE BANK LTD.
|
|
|
|
IMPOSED FINE RS.90,000
29-APR-2014
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018 |
| 55 |
|
|
LOKMANYA MULTIPURPOSE CO-OPERATIVE SOCIETY
|
|
|
DID NOT HAVE PROPER SYSTEM TO DETECT AND REPORT CASH TRANSACTION REPORTS (CTRS) AND/OR SUSPICIOUS TRANSACTIONS REPORTS (STRS)
DID NOT REPORT CASH TRANSACTIONS AND/OR DELAY IN REPORTING CASH TRANSACTIONS REPORT
FILED INVALID LARGE NUMBER OF CASH TRANSACTIONS REPORT (CTRS)
|
IMPOSED FINE RS.1,00,000
DIRECTED TO RE-EXAMINE SYSTEM FOR DETECTING AND REPORTING SUSPICIOUS TRANSACTIONS
31-OCT-2022
|
|
| 56 |
|
|
MAHAMEDHA URBAN CO-OPERATIVE BANK LTD.
|
|
|
DID NOT REPORT CASH TRANSACTIONS AND/OR DELAY IN REPORTING CASH TRANSACTIONS REPORT
|
IMPOSED FINE RS.97,00,000
08-APR-2016
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018 |
| 57 |
|
|
MAHILA VIKAS CO-OPERATIVE BANK LTD.
|
|
|
DID NOT FURNISH ALL REPORTABLE TRANSACTIONS INCLUDING INTEGRALLY CONNECTED TRANSANCTIONS
|
IMPOSED FINE RS.79,60,000
08-APR-2016
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018 |
| 58 |
|
|
MEHSANA URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT HAVE EFFECTIVE MECHANISM TO DETECT SUSPICIOUS TRANSACTIONS
|
IMPOSED FINE RS.1,00,000
29-JAN-2021
|
|
| 59 |
|
|
MIZORAM URBAN CO-OPERATIVE DEVELOPMENT BANK LTD.
|
|
|
DID NOT FILE REPORTS ON TIME AS MANDATED BY ALERT ISSUED UNDER SECTION 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002
|
IMPOSED FINE RS.4,00,000
26-AUG-2020
|
|
| 60 |
|
|
MOTILAL OSWAL COMMODITIES BROKER PVT.LTD.
|
|
|
DID NOT PROPERLY RAISE ALERTS AND CONSIDER ADVERSE ORDERS OF SEBI FROM THE PERSPECTIVE OF AML TRANSACTIONAL MONITORING AND REPORTING OBLIGATIONS
DID NOT PROPERLY RAISE, INVESTIGATE ALERTS AND TAKE FURTHER ACTION AS REQUIRED BY LAW WHERE INCOME DETAILS OF THE CLIENTS WERE AT SUBSTANTIAL VARIANCE WITH TRADING VALUES/VOLUMES
|
IMPOSED FINE RS.1,00,000
21-OCT-2022
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
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| Page 3 of 6
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