| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ASIT C.MEHTA INVESTMENT INTERMEDIATES LTD.
|
|
|
DID NOT PROPERLY RAISE ALERTS AND CONSIDER ADVERSE ORDERS OF SEBI FROM THE PERSPECTIVE OF AML TRANSACTIONAL MONITORING AND REPORTING OBLIGATIONS
|
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
31-MAY-2023
|
|
| 2 |
|
|
ELITE WEALTH ADVISORS LTD.
|
|
|
DID NOT REPORT ENTITY TO PROPERLY INVESTIGATE AND REVIEW THE SAME ALERTS
DID NOT PROPERLY RAISE ALERTS AND CONSIDER ADVERSE ORDERS OF SEBI FROM THE PERSPECTIVE OF AML TRANSACTIONAL MONITORING AND REPORTING OBLIGATIONS
|
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
27-FEB-2023
|
|
| 3 |
|
|
ESAF FINANCIAL HOLDINGS 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 INFORM AND REGISTER ITSELF WITH CHANGE IN NAME OF THE COMPANY
|
DIRECTED TO PUT IN PLACE AND ADOPT SUITABLE AML/CFT POLICY AS WELL AS ROBUST MECHANISM FOR RISK ASSESSMENT WITH REGARD TO AML/CFT
DIRECTED TO CONDUCT AUDIT BY EXTERNAL AGENCY OF THE PROCESSES PUT IN PLACE BY REPORTING ENTITY TO RAISE/PROCESS/INVESTIGATE/CLOSE ALERTS
DIRECTED TO ENSURE AML STAFF ADEQUATELY TRAINED TO MONITOR FOR NEW AND EMERGING TYPES OF CRIME FROM THE PERSPECTIVE OF ‘PROCEEDS OF CRIME’ INCLUDING REFERENCE TO ORDERS/QUERIES/REPORTS RELATING TO REGULATORY AND LAW ENFORCEMENT ACTIONS FOR
DIRECTED TO FILE CERTIFICATION UNDER SIGNATURE OF DESIGNATED DIRECTOR AND PRINCIPAL OFFICER THAT DIRECTED MEASURES WOULD BE IMPLEMENTED WITHIN THE PERIOD PRESCRIBED
18-DEC-2023
|
|
| 4 |
|
|
GLOBE CAPITAL MARKET 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
|
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
|
|
| 5 |
|
|
HCL CAPITAL 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 INFORM AND REGISTER ITSELF WITH CHANGE IN NAME OF THE COMPANY
|
DIRECTED TO PUT IN PLACE AND ADOPT SUITABLE AML/CFT POLICY AS WELL AS ROBUST MECHANISM FOR RISK ASSESSMENT WITH REGARD TO AML/CFT
DIRECTED TO CONDUCT AUDIT BY EXTERNAL AGENCY OF THE PROCESSES PUT IN PLACE BY REPORTING ENTITY TO RAISE/PROCESS/INVESTIGATE/CLOSE ALERTS
DIRECTED TO ENSURE AML STAFF ADEQUATELY TRAINED TO MONITOR FOR NEW AND EMERGING TYPES OF CRIME FROM THE PERSPECTIVE OF ‘PROCEEDS OF CRIME’ INCLUDING REFERENCE TO ORDERS/QUERIES/REPORTS RELATING TO REGULATORY AND LAW ENFORCEMENT ACTIONS FOR
DIRECTED TO FILE CERTIFICATION UNDER SIGNATURE OF DESIGNATED DIRECTOR AND PRINCIPAL OFFICER THAT DIRECTED MEASURES WOULD BE IMPLEMENTED WITHIN THE PERIOD PRESCRIBED
18-DEC-2023
|
|
| 6 |
|
|
HDFC SECURITIES 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
|
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
|
|
| 7 |
|
|
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
|
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
|
|
| 8 |
|
|
KOTAK SECURITIES 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
|
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
|
|
| 9 |
|
|
KOTAK SECURITIES 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
|
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
|
|
| 10 |
|
|
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
|
|
| 11 |
|
|
RDA HOLDINGS 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 INFORM AND REGISTER ITSELF WITH CHANGE IN NAME OF THE COMPANY
|
DIRECTED TO PUT IN PLACE AND ADOPT SUITABLE AML/CFT POLICY AS WELL AS ROBUST MECHANISM FOR RISK ASSESSMENT WITH REGARD TO AML/CFT
DIRECTED TO CONDUCT AUDIT BY EXTERNAL AGENCY OF THE PROCESSES PUT IN PLACE BY REPORTING ENTITY TO RAISE/PROCESS/INVESTIGATE/CLOSE ALERTS
DIRECTED TO ENSURE AML STAFF ADEQUATELY TRAINED TO MONITOR FOR NEW AND EMERGING TYPES OF CRIME FROM THE PERSPECTIVE OF ‘PROCEEDS OF CRIME’ INCLUDING REFERENCE TO ORDERS/QUERIES/REPORTS RELATING TO REGULATORY AND LAW ENFORCEMENT ACTIONS FOR
DIRECTED TO FILE CERTIFICATION UNDER SIGNATURE OF DESIGNATED DIRECTOR AND PRINCIPAL OFFICER THAT DIRECTED MEASURES WOULD BE IMPLEMENTED WITHIN THE PERIOD PRESCRIBED
12-JAN-2024
|
|
| 12 |
|
|
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
|
|
| 13 |
|
|
WAY2WEALTH BROKERS 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, HANDLE THE ALERTS AND FILE THE SAME AS SUSPICIOUS TRANSACTIONS REPORTS (STRS) WITH FIU-IND
|
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
10-NOV-2022
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
