| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 61 |
|
MOTILAL OSWAL FINANCIAL SERVICES 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 HANDLE ALERTS AS PROVIDED BY THE STATUTE WHERE INCOME DETAILS OF THE CLIENTS WERE AT SUBSTANTIAL VARIANCE WITH TRADING VALUES/VOLUMES
|
IMPOSED FINE RS.1,00,000
DIRECTED TO FILE CERTIFICATION UNDER SIGNATURE OF DESIGNATED DIRECTOR AND PRINCIPAL OFFICER THAT DIRECTED MEASURES WOULD BE IMPLEMENTED WITHIN THE PERIOD PRESCRIBED
21-OCT-2022
|
|
| 62 |
|
|
MUTHOOT FINANCE LTD.
|
|
|
|
IMPOSED FINE RS.2,69,70,000
14-FEB-2013
|
APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT AT NEW DELHI VIDE ITS ORDER DATED 09/07/2015 REDUCED PENALTY AMOUNT TO RS.2,44,70,000.00 FROM RS.2,69,70,000.00
|
| 63 |
|
|
MYSORE SILK CLOTH MERCHANT CO-OPERATIVE 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.2,35,000
03-NOV-2022
|
|
| 64 |
|
|
NAGARIK SAMABAY BANK LTD.
|
|
|
DID NOT HAVE EFFECTIVE INTERNAL MECHANISM TO DETECT ALL CASH TRANSACTIONS WHERE FORGED OR COUNTERFEIT CURRENCY NOTES OR BANK NOTES WERE USED AS GENUINE VIOLATING SECTIONS 12(1) (A) AND (B) OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 3(1) (C), 5, 7(3) AND 8(1) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.3,00,000
11-JUL-2019
|
|
| 65 |
|
|
NAGRIK SAHAKARI BANK LTD.
|
|
|
DID NOT FILE FICN/CCRS UNDER RULE 3(1) (C) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT FURNISH INFORMATION CALLED FOR U/S 12A OF REVENTION OF MONEY LAUNDERING ACT, 2002
|
IMPOSED FINE RS.7,40,000
03-DEC-2019
|
|
| 66 |
|
|
NAGRIK SAHAKARI BANK LTD.
|
|
|
DID NOT PUT IN PLACE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS REPORTS (STRS)
DID NOT HAVE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT ALL CASH TRANSACTIONS WHERE FORGED OR COUNTERFEIT CURRENCY NOTES OR BANK NOTES WERE USED AS GENUINE VIOLATING SECTIONS 12(1) (A) AND (B) READ WITH RULES 3(1) (C), 7(2), 7(3) AND 8(1) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.1,00,000
27-OCT-2020
|
|
| 67 |
|
|
NAINITAL BANK LTD.,THE
|
|
|
DID NOT FORMULATE AND IMPLEMENT ENHANCED DUE DILIGENCE MEASURES TO VERIFY THE CLIENTS IDENTITY TAKING INTO CONSIDERATION TYPE OF CLIENT, BUSINESS RELATIONSHIP, NATURE AND VALUE OF TRANSACTIONS BASED ON THE OVERALL MONEY LAUNDERING AND TERRORIST FINANCING RISKS INVOLVED
DID NOT IMPLEMENT EFFECTIVE TRANSACTION MONITORING AND REPORTING SYSTEM TO ALERT GENERATION, UCIC ALLOTMENT AND AUTHENTICATION OF KYC DOCUMENTS
DID NOT CONSIDER ALL PARAMETERS OF RISK ASSESSMENT AND TO CARRY OUT UPDATION OF RISK CATEGORY ON TRANSACTIONAL AND OCCUPATIONAL BASIS
DID NOT FOLLOW REQUISITE PROCESS OF DETERMINATION OF ULTIMATE BENEFICIAL OWNERSHIP
DID NOT FURNISH COMPLETE RESPONSE TO QUESTIONNAIRE FROM FIU-IND
DID NOT MATCH NAMES AND PROFILES OF CUSTOMERS WITH REQUISITE SANCTIONS LISTS AT THE TIME OF ONBOARDING
DID NOT UPDATE KNOW YOUR CLIENTS (KYC) AND ANTI-MONEY LAUNDERING (AML) POLICY
|
IMPOSED FINE RS.25,000
WARNED/DIRECTED TO PAY DUE
30-MAR-2022
|
|
| 68 |
|
|
NOIDA COMMERCIAL 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.25,70,000
09-JAN-2020
|
|
| 69 |
|
|
ORIENTAL BANK OF COMMERCE
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.1,00,000
27-MAY-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018 |
| 70 |
|
|
PATAN CO-OPERATIVE BANK LTD.
|
|
|
DID NOT FILE CASH TRANSACTIONS REPORTS (CTRS)
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
|
IMPOSED FINE RS.25,000
DIRECTED TO ENSURE SUITABLE TRAINING IN AML/CFT FOR THE CONCERNED STAFF
13-SEP-2023
|
|
| 71 |
|
|
PAYPAL PAYMENTS PVT.LTD.
|
|
|
DID NOT GET REGISTERED AVOIDING ITS OBLIGATIONS TO MAINTAIN AND REPORT VARIOUS RECORDS VIOLATING SECTIONS 12(1) (A) AND (B) OF PREVENTION OF MONEY LAUNDERING ACT,2002 READ WITH RULES 3 AND 8 OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT APPOINT DESIGNATED DIRECTOR AND PRINCIPAL OFFICER AS REQUIRED UNDER RULE OF 7(1) PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.96,00,000
17-DEC-2020
|
|
| 72 |
|
|
PAYTM PAYMENTS BANK LTD.
|
|
|
DID NOT FILE SUSPICIOUS TRANSACTION REPORTS IN RESPECT OF THIRTY FOUR BENEFICIARY ACCOUNTS IN THE MANNER AND WITHIN TIMELINES
DID NOT PUT IN PLACE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS REPORTS (STRS)
DID NOT EXERCISE ONGOING DUE DILIGENCE WITH REFERENCE TO THE ACCOUNTS OF THIRTY FOUR BENEFICIARIES WHICH RECEIVED PROCEEDS FROM THE PAYOUT ACCOUNTS
DID NOT EXERCISE ONGOING DUE DILIGENCE WITH RESPECT TO PAYOUT SERVICE
DID NOT SATISFY THE REQUIREMENTS WITH RESPECT TO RELIANCE ON THIRD-PARTY KYC BY RELYING ON A NON-COMPLIANT/UNREGULATED ENTITY
|
IMPOSED FINE RS.5,49,00,000
01-MAR-2024
|
|
| 73 |
|
|
PEKEN GLOBAL LTD.
|
|
|
DID NOT ADHERE TO STATUTORY OBLIGATIONS UNDER PMLA NOTICE DATED 28/12/2023
|
IMPOSED FINE RS.34,50,000
22-MAR-2024
|
|
| 74 |
|
|
PRIME CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT EVOLVE AND IMPLEMENT INTERNAL MECHANISM TO REPORT SUSPICIOUS TRANSACTIONS VIOLATING SECTION 12 OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 3, 5, 7 AND 8 OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT FILR CTRS AND NTRS WITHIN TIMELINE VIOLATING SECTION 12 OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 3, 5, 7 AND 8 OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT SUBMIT CORRECT DATA TO FIU-IND
|
IMPOSED FINE RS.3,90,000
17-JUL-2019
|
|
| 75 |
|
|
PUNJAB & SIND BANK
|
|
|
DID NOT FILE CERTAIN THRESHOLD BASED REPORTS ACCURATELY AND/OR 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 FILE THRESHOLD BASED 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.2,87,80,000
31-JUL-2019
|
|
| 76 |
|
|
PUNJAB NATIONAL BANK
|
|
|
DID NOT FILE CERTAIN THRESHOLD BASED REPORTS VIOLATING SECTIONS 12 AND 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 3 AND 7 OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT IMPLEMENT EFFECTIVE INTERNAL MECHANISM TO FILE THRESHOLD BASED REPORTS ACCURATELY AND/OR WITHIN TIMELINE VIOLATING SECTION SECTIONS 12 AND 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 3 AND 7 OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT IMPLEMENT EFFECTIVE INTERNAL MECHANISM TO FILE THRESHOLD BASED REPORTS AND SUSPICIOUS TRANSACTIONS REPORTS TIMELY AND ACCURATELY VIOLATING SECTION SECTIONS 12 AND 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 3 AND 7 OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT SUBMIT CORRECT DATA TO FIU-IND
|
IMPOSED FINE RS.15,62,90,000
29-JUL-2019
|
|
| 77 |
|
|
PUNJAB NATIONAL BANK
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.3,00,000
01-OCT-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018 |
| 78 |
|
|
RAMGARHIA CO-OPERATIVE BANK LTD.
|
|
|
|
IMPOSED FINE RS.77,00,000
04-OCT-2017
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018 |
| 79 |
|
|
RANI LAXMIBAI URBAN CO-OPERATIVE BANK LTD.
|
|
|
DID NOT FILE CASH TRANSACTIONS REPORTS (CTRS)
|
IMPOSED FINE RS.1,00,000
DIRECTED TO ENSURE SUITABLE TRAINING IN AML/CFT FOR THE CONCERNED STAFF
12-SEP-2023
|
|
| 80 |
|
|
SARVA HARYANA GRAMIN BANK
|
|
|
DID NOT FILE FICN/CCRS UNDER RULE 3(1) (C) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT HAVE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT ALL CASH TRANSACTIONS WHERE FORGED OR COUNTERFEIT CURRENCY NOTES OR BANK NOTES WERE USED AS GENUINE VIOLATING SECTIONS 12(1) (A) AND (B) READ WITH RULES 3(1) (C), 7(2), 7(3) AND 8(1) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.9,00,000
14-OCT-2020
|
|
| 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 4 of 6
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