| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 81 |
|
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
|
|
| 82 |
|
|
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
|
|
| 83 |
|
|
SHRI RENUKAMATA MULTISTATE CO-OPERATIVE URBAN CREDIT SOCIETY LTD.
|
|
|
DID NOT FURNISH COMPLETE RESPONSE TO QUESTIONNAIRE FROM FIU-IND
|
IMPOSED FINE RS.25,000
22-FEB-2022
|
|
| 84 |
|
|
SHRI VINAYAK SAHAKARI BANK LTD.
|
|
|
DID NOT EXERCISE DUE DILIGENCE AT THE TIME OF OPENING LOCKER ACCOUNTS VIOLATING RULE 9(1) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.1,00,000
03-MAR-2020
|
|
| 85 |
|
|
SHRIRAM CITY UNION FINANCE LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
DID NOT IDENTIFY AND VERIFY BENEFICIAL OWNER VIOLATING PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT UNDERTAKE RISK CATEGORIZATION OF CUSTOMERS TO CONDUCT PERIODICAL REVIEW VIOLATING PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.4,50,000
04-DEC-2020
|
|
| 86 |
|
|
SOLAPUR SOCIAL URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
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.5,50,000
15-APR-2019
|
|
| 87 |
|
|
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
|
|
| 88 |
|
|
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
|
| 89 |
|
|
STATE BANK OF INDIA
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.5,00,000
27-OCT-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018 |
| 90 |
|
|
STERLING URBAN CO-OPERATIVE BANK LTD.
|
|
|
DID NOT FILE COUNTERFEIT CURRENCY REPORT (CCRS)
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.50,000
DIRECTED TO ENSURE SUITABLE TRAINING IN AML/CFT FOR THE CONCERNED STAFF
14-SEP-2023
|
|
| 91 |
|
|
SUNDARAM FINANCE LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
DID NOT FULLY IMPLEMENT CLIENT DUE DILIGENCE PROGRAMME SPECIFICALLY REGARD TO SCREENING NAMES OF PROSPECTIVE CUSTOMERS/BORROWERS IN THE LATEST UNSC SANCTIONS LIST AND SUCH OTHER LISTS VIOLATING PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT VERIFY IDENTIFY OF ITS CLIENTS SPECIFICALLY BY NON-VERIFICATION OF KYC DOCUMENTS WITH ORIGINALS VIOLATING PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.3,00,000
27-OCT-2020
|
|
| 92 |
|
|
SUNFLOWER BROKING 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 REPORT ENTITY TO PROPERLY INVESTIGATE AND REVIEW THE SAME ALERTS
|
IMPOSED FINE RS.25,000
DIRECTED TO FILE CERTIFICATION UNDER SIGNATURE OF DESIGNATED DIRECTOR AND PRINCIPAL OFFICER THAT DIRECTED MEASURES WOULD BE IMPLEMENTED WITHIN THE PERIOD PRESCRIBED
16-AUG-2023
|
|
| 93 |
|
|
TUMKUR GRAIN MERCHANTS 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.4,50,000
09-JAN-2020
|
|
| 94 |
|
|
UNION BANK OF INDIA
|
|
|
DID NOT ADHERE TO SECTION 12 OF THE PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 3, 7 AND 9 OF PREVENTION OF MONEY-LAUNDERING (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.37,00,000
08-APR-2025
|
|
| 95 |
|
|
UNION BANK OF INDIA
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS 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 CONDUCT CLIENT DUE DILIGENCE OF EXISTING CLIENTS BASED ON MATERIALITY AND RISK
DID NOT REPORT SUSPICIOUS TRANSACTIONS IN RESPECT OF ACCOUNT AND SEVERAL ALERTED TRANSACTIONS
DID NOT REVIEW DUE DILIGENCE MEASURES INCLUDING VERIFYING AGAIN IDENTIFY OF THE CLIENTS AND OBTAINING INFORMATION ON PURPOSE AND INTENDED NATURE OF BUSINESS RELATIONSHIP
|
DIRECTED TO REASSESS ITS INTERNAL MECHANISM AND TRANSACTION MONITORING APPROACH
DIRECTED TO UNDERTAKE COMPREHENSIVE REVIEW OF ITS DUE DILIGENCE PROCEDURES
IMPOSED FINE RS.54,00,000
01-OCT-2024
|
|
| 96 |
|
|
UNITED BANK OF INDIA
|
|
|
|
IMPOSED FINE RS.5,70,000
29-APR-2014
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018 |
| 97 |
|
|
URBAN CO-OPERATIVE BANK LTD.,THE,SHIKARIPUR
|
|
|
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
|
|
| 98 |
|
|
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
|
|
| 99 |
|
|
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
|
|
| 100 |
|
|
VIKRAMADITYA NAGARIK SAHAKARI BANK MARYADIT
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO CLASSIFY APPLICABLE/ELIGIBLE NPO ACCOUNTS AND FLAGGING THE SAME FOR IDENTIFICATION, DETECTION, MONITORING AND REPORTING OF ALL TRANSACTIONS INVOLVING RECEIPTS BY NPOS
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
DID NOT EVOLVE INTERNAL MECHANISM TO IDENTIFY AND VERIFY ULTIMATE BENEFICIAL OWNERSHIP OF TRUSTS, LEGAL PERSONS, LEGAL ENTITIES AND SIMILAR OTHER CUSTOMERS
|
IMPOSED FINE RS.3,00,000
WARNED/DIRECTED TO PAY DUE
09-NOV-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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