| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
GANDHIDHAM CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT FILE NTRS VIOLATING RULE 3(1)(BA) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT PUT IN PLACE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT TO DIRECTOR
DID NOT INFORM FIU-IND OF TRANSACTIONS IN NATURE OF RECEIPTS OF VALUE OF MORE THAN RS.10 LACS OR ITS EQUIVALENT BY NON PROFIT ORGANISATIONS VIOLATING SECTION 12 OF PML ACT, 2002 READ WITH RULES 5(2) AND 7(3) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.5,50,000
27-OCT-2020
|
|
| 22 |
|
|
GODAVARI URBAN CO-OPERATIVE BANK LTD.
|
|
|
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
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 HAVE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS 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.2,50,000
06-APR-2021
|
|
| 23 |
|
|
GUJARAT OLEO CHEM LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.2,00,000
19-OCT-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 24 |
|
|
HDFC BANK LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.26,00,000
15-JAN-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 25 |
|
|
HONGKONG & SHANGHAI BANKING CORP.LTD.,THE
|
|
|
IMPROPERLY CLOSED THE ALERTS GENERATED IN THE ACCOUNTS OF THE RESPECTIVE ENTITIES
MISREPORTED FIGURES IN RELATION TO CERTAIN CROSS BORDER WIRE TRANSFER REPORTS (CBWTRS) WITH FIU-IND
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
DID NOT FORMULATE AND IMPLEMENT ENHANCED DUE DILIGENCE MEASURES TO VERIFY THE CLIENTS IDENTITY TAKING INTO CONSIDERATION TYPE OF CLIENT, BUSINESS RELATIONSHIP, NATURE AND VALUE OF TRANSACTIONS BASED ON THE OVERALL MONEY LAUNDERING AND TERRORIST FINANCING RISKS INVOLVED
DID NOT EXERCISE ONGOING DUE DILIGENCE MEASURES IN RELATION TO CERTAIN ACCOUNTS BELONGING TO CONCERNED ENTITIES WITH PARTICULAR REFERENCE TO BUSINESS RELATIONSHIP WITH CONCERNED ENTITY
|
IMPOSED FINE RS.2,06,75,000
31-OCT-2022
|
|
| 26 |
|
|
ICICI BANK LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.14,00,000
20-FEB-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 27 |
|
|
INDIAN BANK
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.1,00,000
03-SEP-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 28 |
|
|
INDIAN OVERSEAS BANK
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.2,00,000
01-OCT-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 29 |
|
|
INDIAN OVERSEAS BANK
|
|
|
DID NOT FILE CERTAIN THRESHOLD BASED REPORTS WITHIN TIMELINE VIOLATING SECTIONS 12 AND 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 3,4,5,7 AND 8 OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT IMPLEMENT EFFECTIVE INTERNAL MECHANISM TO REPORT SUSPICIOUS TRANSACTIONS REPORTS ETC VIOLATING SECTION SECTIONS 12 AND 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 3,4,5,7 AND 8 OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.10,40,000
29-JUL-2019
|
|
| 30 |
|
|
INDUSIND BANK LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.4,00,000
30-SEP-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 31 |
|
|
ING VYSYA BANK LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.3,00,000
04-SEP-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 32 |
|
|
JAMMU & KASHMIR BANK LTD.,THE
|
|
|
DID NOT FILE REPORT MANDATED BY ALERT ISSUED UNDER SECTION 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002
|
IMPOSED FINE RS.2,00,000
18-DEC-2020
|
|
| 33 |
|
|
JHARKHAND STATE CO-OPERATIVE BANK LTD.
|
|
|
DID NOT OBTAIN SUFFICIENT INFORMATION NECESSARY FOR EXPRESSION OF OPINION OR ITS EXCEPTIONS MATERIAL TO NEGATE EXPRESSION OF OPINION VIOLATING SECTION 22 (NO 38 OF 1949) READ WITH CLAUSE 8 OF PART I OF SECOND SCHEDULE OF CHARTERED ACCOUNTANT ACT, 1949 IN MATTER OF OF IL&FS FINANCIAL SERVICES 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.14,40,000
09-MAY-2019
|
|
| 34 |
|
|
JOWAI CO-OPERATIVE URBAN BANK LTD.
|
|
|
DID NOT FILE REPORT MANDATED BY ALERT ISSUED UNDER SECTION 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002
|
IMPOSED FINE RS.4,00,000
06-APR-2021
|
|
| 35 |
|
|
KODOLI URBAN CO-OPERATIVE BANK LTD.
|
|
|
DELAY IN FILING OF CASH TRANSACTION REPORTS (CTRS)
DID NOT EVOLVE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT OF CASH TRANSACTIONS VIOLATING UNDER SECTION 12 OF THE ACT. READ WITH 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.4,60,000
11-FEB-2022
|
|
| 36 |
|
|
MAHILA VIKAS CO-OPERATIVE BANK LTD.
|
|
|
DID NOT FURNISH ALL REPORTABLE TRANSACTIONS INCLUDING INTEGRALLY CONNECTED TRANSANCTIONS
|
IMPOSED FINE RS.79,60,000
08-APR-2016
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 37 |
|
|
MYSORE SILK CLOTH MERCHANT CO-OPERATIVE 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.2,35,000
03-NOV-2022
|
|
| 38 |
|
|
NAGARIK SAMABAY BANK LTD.
|
|
|
DID NOT INVITE ATTENTION TO ANY MATERIAL DEPARTURE FROM GENERALLY ACCEPTED PROCEDURE OF AUDIT APPLICABLE TO CIRCUMSTANCES VIOLATING SECTION 22 (NO 38 OF 1949) READ WITH CLAUSE 9 OF PART I OF SECOND SCHEDULE OF CHARTERED ACCOUNTANT ACT, 1949 IN MATTER OF IL&FS FINANCIAL SERVICES LTD.
DID NOT HAVE EFFECTIVE INTERNAL MECHANISM TO DETECT ALL CASH TRANSACTIONS WHERE FORGED OR COUNTERFEIT CURRENCY NOTES OR BANK NOTES WERE USED AS GENUINE VIOLATING SECTIONS 12(1) (A) AND (B) OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 3(1) (C), 5, 7(3) AND 8(1) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.3,00,000
11-JUL-2019
|
|
| 39 |
|
|
NAGRIK SAHAKARI BANK LTD.
|
|
|
DID NOT FILE FICN/CCRS UNDER RULE 3(1) (C) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT FURNISH INFORMATION CALLED FOR U/S 12A OF REVENTION OF MONEY LAUNDERING ACT, 2002
|
IMPOSED FINE RS.7,40,000
03-DEC-2019
|
|
| 40 |
|
|
NAGRIK SAHAKARI BANK LTD.
|
|
|
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
DID NOT PUT IN PLACE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS REPORTS (STRS)
|
IMPOSED FINE RS.1,00,000
27-OCT-2020
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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