| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 61 |
|
UNION BANK OF INDIA
|
|
|
DID NOT REPORT SUSPICIOUS TRANSACTIONS IN RESPECT OF ACCOUNT AND SEVERAL ALERTED TRANSACTIONS
DID NOT CARRY OUT ONGOING DUE DILIGENCE AND TO EXAMINE TRANSACTIONS TO ENSURE THAT THEY ARE CONSISTENT WITH THE KNOWLEDGE OF CLIENT, BUSINESS, RISK PROFILE AND SOURCE OF FUNDS
DID NOT REVIEW DUE DILIGENCE MEASURES INCLUDING VERIFYING AGAIN IDENTIFY OF THE CLIENTS AND OBTAINING INFORMATION ON PURPOSE AND INTENDED NATURE OF BUSINESS RELATIONSHIP
DID NOT CONDUCT CLIENT DUE DILIGENCE OF EXISTING CLIENTS BASED ON MATERIALITY AND RISK
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
|
IMPOSED FINE RS.54,00,000
DIRECTED TO UNDERTAKE COMPREHENSIVE REVIEW OF ITS DUE DILIGENCE PROCEDURES RS.54,00,000
DIRECTED TO REASSESS ITS INTERNAL MECHANISM AND TRANSACTION MONITORING APPROACH RS.54,00,000
01-OCT-2024
|
|
| 62 |
|
|
URBAN CO-OPERATIVE BANK LTD.,THE,SHIKARIPUR
|
|
|
DID NOT MAKE DISCLOSURE OF MATERIAL NON-COMPLIANCES THE COMPANY MADE AS PER SECTION 132 (4) OF THE COMPANIES ACT READ WITH SECTION 22 OF THE CHARTERED ACCOUNTANTS ACT 1949 (NO 38 OF 1949) AND CLAUSE 5 OF PART 1 OF THE SECOND SCHEDULE OF THE CHARTERED ACCOUNTANTS ACT 1949IN MATTER OF PRABHU STEEL INDUSTRIES LTD.
DID NOT REPORT MATERIAL MISSTATEMENTS KNOWN TO HIM IN TO APPEAR IN FINANCIAL STATEMENTS AS PER SECTION 132 (4) OF THE COMPANIES ACTREAD WITH SECTION 22 OF THE CHARTERED ACCOUNTANTS ACT 1949 (NO 38 OF 1949)AND CLAUSE 6 OF PART I OF THE SECOND SCHEDULE OF CHARTERED ACCOUNTANT ACT, 1949 IN MATTER OF PRABHU STEEL INDUSTRIES LTD.
DID NOT HAVE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORTING OF CASH TRANSACTIONS ABOVE RS.10.00 LACS VIOLATING SECTIONS 12(1) (A) AND 12(1) (B) OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 5(2) AND 7(3) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.6,20,000
15-JUL-2019
|
|
| 63 |
|
|
VIRAJPETH PATTANA SAHAKARA BANK NIYAMITHA
|
|
|
DELAY IN FILING OF CASH TRANSACTION REPORTS (CTRS) VIOLATING RULES 3(1)(A), 3(1)(B), 5(2), 7(2), 7(3) AND 7(4) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT FILE CASH TRANSACTION REPORTS (CTRS) VIOLATING RULES 3(1)(A), 3(1)(B), 5(2), 7(2), 7(3) AND 7(4) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT HAVE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT OF CASH TRANSACTIONS VIOLATING RULES 3(1)(A), 3(1)(B), 5(2), 7(2), 7(3) AND 7(4) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.6,45,000
03-MAR-2021
|
|
| 64 |
|
|
YES BANK LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.3,00,000
11-JAN-2016
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 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 4
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