If you are an Existing User, please enter your Username & Password below

Forgot Password?

Are you a New User? Click here to enrol

close

Click here to visit old website
Co-Sponsors
  • Home»
  • Regulatory actions in Chronological Order
Regulatory Actions Covered By This Website

REGULATORY ACTIONS IN CHRONOLOGICAL ORDER

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

ENTITY

S.
No.		 DATE OF ORDER ENTITY PERSON COMPETENT AUTHORITY REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 06-MAR-2025
History of entity/person COINBASE INDIA PVT.LTD.   
  FIU  PROVIDED SERVICES TO INDIAN CLIENTS AND OPERATIONS WITHIN INDIA WITHOUT ADHERING TO STATUTORY OBLIGATION UNDER (PREVENTION OF MONEY LAUNDERING) ACT, 2005  WARNED & DIRECTED TO BE STRICT ADHERENCE TO STATUTORY REQUIREMENTS

06-MAR-2025 		 
2 31-JAN-2025
History of entity/person BYBIT FINTECH LTD.   
  FIU  PROVIDED SERVICES TO INDIAN CLIENTS AND OPERATIONS WITHIN INDIA WITHOUT ADHERING TO STATUTORY OBLIGATION UNDER (PREVENTION OF MONEY LAUNDERING) ACT, 2005  IMPOSED FINE RS.9,27,00,000

31-JAN-2025 		 
3 31-DEC-2024
History of entity/person BONANZA PORTFOLIO LTD. 

(Old Name : BONANZA STOCK BROKERS LTD.)  
  FIU  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 PROPERLY RAISE ALERTS AND CONSIDER ADVERSE ORDERS OF SEBI FROM THE PERSPECTIVE OF AML TRANSACTIONAL MONITORING AND REPORTING OBLIGATIONS

DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS  		IMPOSED FINE RS.19,40,000

DIRECTED TO REVIEW AND REVISE POLICIES AND APPROACH REGARDING INCOME RANGES AND RELATED KYC INFORMATION OF CLIENTS

DIRECTED TO PUT IN PLACE SUITABLE POLICY AND MECHANISM TO ENSURE THAT ROBUST AND MEANINGFUL RISK ASSESSMENT OR RE-ASSESSMENT OF CUSTOMERS CONDUCTED SUBSEQUENT TO ORDER OF SEBI/LEAS/OTHER GOVERNMENT AGENCIES

DIRECTED TO CONDUCT RE-EXAMINATION OF SEBI ORDERS ISSUED IN CONNECTION WITH CLIENTS IN PAST THREE YEARS TO ENSURE THAT THEY WERE PROPERLY PROCESSED, UNDERLYING TRANSACTIONS AND CLIENTS WERE ASSESSED

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

31-DEC-2024 		 
4 01-OCT-2024
History of entity/person UNION BANK OF INDIA   
  FIU  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

DIRECTED TO REASSESS ITS INTERNAL MECHANISM AND TRANSACTION MONITORING APPROACH

01-OCT-2024 		 
5 19-JUN-2024
History of entity/person BINANCE,M/S   
  FIU  DID NOT ADHERE TO STATUTORY OBLIGATIONS UNDER PMLA NOTICE DATED 28/12/2023  IMPOSED FINE RS.18,82,00,000

19-JUN-2024 		 
6 03-JUN-2024
History of entity/person AXIS BANK LTD.   
  FIU  DID NOT INVESTIGATE AND CLOSE ALERTS BASED ON APPLICATION OF MIND

DID NOT ADDRESS ALERTS AND CLOSE THEM WITHIN REASONABLE PERIOD

DID NOT FILE SUSPICIOUS TRANSACTIONS REPORTS (STRS)

DID NOT PROPERLY VERIFY THAT ACCUSED WAS AUTHORIZED TO ACT ON BEHALF OF NATIONAL SECURITY GUARD (NSG)  		IMPOSED FINE RS.1,66,25,000

DIRECTED TO REVIEW ITS MECHANISM AND ENSURE THAT IMPROVEMENTS MADE TO ADDRESS THE OBSERVATION MADE IN SHOW CAUSE NOTICE

DIRECTED TO PROVIDE CERTIFICATION WITHIN NINETY DAYS UNDER SIGNATURE OF DESIGNATED DIRECTOR

DIRECTED TO PRIORITIZE PROMPT AND EFFICIENT RESPONSE TO REQUESTS FROM FIU-IND

DIRECTED TO ADVISE TO IMPLEMENT STRINGENT PROCEDURES FOR SCREENING OF EMPLOYEES AS MANDATE BY RBI MASTER DIRECTION OF “KNOW YOUR CLIENTS”

03-JUN-2024 		 
7 22-MAR-2024
History of entity/person PEKEN GLOBAL LTD.   
  FIU  DID NOT ADHERE TO STATUTORY OBLIGATIONS UNDER PMLA NOTICE DATED 28/12/2023  IMPOSED FINE RS.34,50,000

22-MAR-2024 		 
8 01-MAR-2024
History of entity/person PAYTM PAYMENTS BANK LTD.   
  FIU  DID NOT PUT IN PLACE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS REPORTS (STRS)

DID NOT FILE SUSPICIOUS TRANSACTION REPORTS IN RESPECT OF THIRTY FOUR BENEFICIARY ACCOUNTS IN THE MANNER AND WITHIN TIMELINES

DID NOT EXERCISE ONGOING DUE DILIGENCE WITH RESPECT TO PAYOUT SERVICE

DID NOT EXERCISE ONGOING DUE DILIGENCE WITH REFERENCE TO THE ACCOUNTS OF THIRTY FOUR BENEFICIARIES WHICH RECEIVED PROCEEDS FROM THE PAYOUT ACCOUNTS

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 		 
9 09-FEB-2024
History of entity/person BALASORE URBAN CO-OPERATIVE BANK LTD.,THE   
  FIU  DID NOT FOLLOW KYC GUIDELINES AND SUBMISSION OF REPORT IN PROCEDURE AND MANNER PRESCRIBED UNDER PML (MAINTENANCE OF RECORDS) RULES, 2005   IMPOSED FINE RS.25,000

DIRECTED TO ENSURE SUITABLE TRAINING IN AML/CFT FOR THE CONCERNED STAFF

09-FEB-2024 		 
10 09-FEB-2024
History of entity/person UTKAL CO-OPERATIVE BANK LTD.,THE   
  FIU  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 		 
11 25-JAN-2024
History of entity/person FINO PAYMENTS BANK LTD.   
  FIU  DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS

DID NOT FILE SUSPICIOUS TRANSACTIONS REPORTS (STRS)  		IMPOSED FINE RS.5,00,000

25-JAN-2024 		 
12 12-JAN-2024
History of entity/person RDA HOLDINGS PVT.LTD. 

(Old Name : RDA HOLDING & TRADING PVT.LTD.)  
  FIU  DID NOT INFORM AND REGISTER ITSELF WITH CHANGE IN NAME OF THE COMPANY

DID NOT APPOINT DESIGNATED DIRECTOR AND PRINCIPAL OFFICER AS REQUIRED UNDER RULE OF 7(1) PML (MAINTENANCE OF RECORDS) RULES, 2005  		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

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 		 
13 18-DEC-2023
History of entity/person ESAF FINANCIAL HOLDINGS PVT.LTD.   
  FIU  DID NOT INFORM AND REGISTER ITSELF WITH CHANGE IN NAME OF THE COMPANY

DID NOT APPOINT DESIGNATED DIRECTOR AND PRINCIPAL OFFICER AS REQUIRED UNDER RULE OF 7(1) PML (MAINTENANCE OF RECORDS) RULES, 2005  		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

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 		 
14 18-DEC-2023
History of entity/person HCL CAPITAL PVT.LTD.   
  FIU  DID NOT INFORM AND REGISTER ITSELF WITH CHANGE IN NAME OF THE COMPANY

DID NOT APPOINT DESIGNATED DIRECTOR AND PRINCIPAL OFFICER AS REQUIRED UNDER RULE OF 7(1) PML (MAINTENANCE OF RECORDS) RULES, 2005  		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

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 		 
15 21-SEP-2023
History of entity/person CHANDGAD URBAN CO-OPERATIVE BANK LTD.   
  FIU  DID NOT FILE CASH TRANSACTIONS REPORTS (CTRS)

DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS  		WARNED & CAUTIONS TO EXERCISE IN FUTURE

21-SEP-2023 		 
16 19-SEP-2023
History of entity/person DHULE & NANDURBAR JILHA SARKARI NOKARANCHI SAHAKARI BANK LTD.   
  FIU  DID NOT FILE CASH TRANSACTIONS REPORTS (CTRS)

DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS  		IMPOSED FINE RS.1,00,000

19-SEP-2023 		 
17 18-SEP-2023
History of entity/person SATANA MERCHANTS' CO-OPERATIVE BANK LTD.   
  FIU  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

18-SEP-2023 		 
18 14-SEP-2023
History of entity/person STERLING URBAN CO-OPERATIVE BANK LTD.   
  FIU  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 		 
19 13-SEP-2023
History of entity/person APPASAHEB BIRNALE SAHAKARI BANK LTD.   
  FIU  DID NOT FILE CASH TRANSACTIONS REPORTS (CTRS)

DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS

DID NOT FILE NPO SECTOR TRANSACTION REPORT (NTRS)  		WARNED & CAUTIONS TO EXERCISE IN FUTURE

13-SEP-2023 		 
20 13-SEP-2023
History of entity/person MANIPUR WOMEN'S CO-OPERATIVE BANK LTD.,THE   
  FIU  DID NOT SUBMIT REQUIRED INFORMATION  WARNED & CAUTIONS TO EXERCISE IN FUTURE

13-SEP-2023 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
First Next Last  
Page 1 of 480  

This website is not comprehensive and is being updated on a regular basis. Users are requested to carefully look at the formats and the information about the coverage period that appears on search results pages.

DISCLAIMER BY NSE

NSE is the co-sponsor of this website and supportive of the initiative taken for protection of interest of investors by Praxis Consulting & Information Services Pvt.Ltd. (PRAXIS), the creator of this website. However, NSE bear no responsibility for the views/information that is available on this website and as responsibility of the contents of this website solely rests with PRAXIS. NSE shall not be responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to or reliance on any information available on this website. Investors/visitors of this website are also advised to read through the other general disclaimer(s) and terms and conditions available on this website before using the website.

Site designed and maintained by watchoutinvestors.com
© PRIME DATABASE GROUP 2004-2025
No part of this site may be reproduced without the explicit permission of the owners.

top