| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
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
|
|
| 42 |
|
|
INDICA TRAVEL & TOURS PVT.LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
DID NOT APPOINT DESIGNATED DIRECTOR AND PRINCIPAL OFFICER AS REQUIRED UNDER RULE OF 7(1) PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.1,00,000
WARNED/DIRECTED TO PAY DUE RS.1,00,000
31-OCT-2022
|
|
| 43 |
|
|
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
|
| 44 |
|
|
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
|
| 45 |
|
|
JAMMU & KASHMIR BANK LTD.,THE
|
|
|
DID NOT FILE SUSPICIOUS TRANSACTIONS REPORTS (STRS)
DID NOT CONDUCT ROBUST KNOW YOUR CLIENTS (KYC) AND DUE DILIGENCE OF CUSTOMER’S ACCOUNT
|
IMPOSED FINE RS.3,00,000
01-NOV-2022
|
|
| 46 |
|
|
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
|
|
| 47 |
|
|
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
|
|
| 48 |
|
|
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
|
|
| 49 |
|
|
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
|
|
| 50 |
|
|
KONARK URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
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
|
|
| 51 |
|
|
LATUR URBAN 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.
|
IMPOSED FINE RS.90,000
29-APR-2014
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 52 |
|
|
LOKMANYA MULTIPURPOSE CO-OPERATIVE SOCIETY
|
|
|
FILED INVALID LARGE NUMBER OF CASH TRANSACTIONS REPORT (CTRS)
DID NOT REPORT CASH TRANSACTIONS AND/OR DELAY IN REPORTING CASH TRANSACTIONS REPORT
DID NOT HAVE PROPER SYSTEM TO DETECT AND REPORT CASH TRANSACTION REPORTS (CTRS) AND/OR SUSPICIOUS TRANSACTIONS REPORTS (STRS)
|
IMPOSED FINE RS.1,00,000
DIRECTED TO RE-EXAMINE SYSTEM FOR DETECTING AND REPORTING SUSPICIOUS TRANSACTIONS RS.1,00,000
31-OCT-2022
|
|
| 53 |
|
|
MAHAMEDHA URBAN CO-OPERATIVE BANK LTD.
|
|
|
DID NOT REPORT CASH TRANSACTIONS AND/OR DELAY IN REPORTING CASH TRANSACTIONS REPORT
|
IMPOSED FINE RS.97,00,000
08-APR-2016
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 54 |
|
|
MAHAMEDHA URBAN CO-OPERATIVE BANK LTD.
|
|
|
|
EDWARD SAMSON LUKE
|
|
DID NOT FURNISH INFORMATON TO FIU-IND WITHIN STIPULATED TIME AS REQUIRED UNDER PROVISIONS OF PREVENTION OF MONEY LAUNDERING ACT, 2002
|
IMPOSED FINE
08-APR-2016
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 55 |
|
|
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
|
| 56 |
|
|
MEHSANA URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT HAVE EFFECTIVE MECHANISM TO DETECT SUSPICIOUS TRANSACTIONS
|
IMPOSED FINE RS.1,00,000
29-JAN-2021
|
|
| 57 |
|
|
MIZORAM URBAN CO-OPERATIVE DEVELOPMENT BANK LTD.
|
|
|
DID NOT FILE REPORTS ON TIME AS MANDATED BY ALERT ISSUED UNDER SECTION 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002
|
IMPOSED FINE RS.4,00,000
26-AUG-2020
|
|
| 58 |
|
|
MUTHOOT FINANCE 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.
|
IMPOSED FINE RS.2,69,70,000
14-FEB-2013
|
APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT AT NEW DELHI VIDE ITS ORDER DATED 09/07/2015 REDUCED PENALTY AMOUNT TO RS.2,44,70,000.00 FROM RS.2,69,70,000.00
|
| 59 |
|
|
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
|
|
| 60 |
|
|
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
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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