| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
SATANA MERCHANTS' 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 RS.25,000
18-SEP-2023
|
|
| 22 |
|
|
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
|
|
| 23 |
|
|
SRI RAMA CO-OPERATIVE BANK LTD.
|
|
|
DID NOT MAKE DISCLOSURE OF MATERIAL FACT IN A FINANCIAL STATEMENT VIOLATING SECTION 22 (NO 38 OF 1949) READ WITH CLAUSE 5 OF PART I OF SECOND SCHEDULE OF CHARTERED ACCOUNTANTS ACT, 1949 IN MATTER OF OF IL&FS FINANCIAL SERVICES 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
|
|
| 24 |
|
|
STAR UNION DAI-ICHI LIFE INSURANCE CO.LTD.
|
|
|
DID NOT FURNISH ALL REPORTABLE TRANSACTIONS INCLUDING INTEGRALLY CONNECTED TRANSANCTIONS
DELAY IN REPORTING OF SUSPICIOUS TRANSACTIONS
|
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
|
| 25 |
|
|
TVS CREDIT SERVICES LTD.
|
|
|
DID NOT FILE SUSPICIOUS TRANSACTIONS REPORTS (STRS)
SYSTEM DID NOT THROW ALERTS WHEN TRANSACTIONS WERE INCONSISTENT WITH RISK CATEGORISATION AND UPDATED CUSTOMER PROFILE
DID NOT ENSURE OFFICIALLY VALID DOCUMENTS FOR PROOF OF ADDRESS AND IDENTITY VERIFIED WITH ORIGINALS
|
DIRECTED TO RE-EXAMINE SYSTEM FOR DETECTING AND REPORTING SUSPICIOUS TRANSACTIONS
WARNED/DIRECTED TO PAY DUE
27-JAN-2022
|
|
| 26 |
|
|
UTKAL CO-OPERATIVE BANK LTD.,THE
|
|
|
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
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
|
IMPOSED FINE RS.8,00,000
27-OCT-2020
|
|
| 27 |
|
|
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 RS.1,00,000
09-FEB-2024
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
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