| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 81 |
|
SHRIRAM CITY UNION FINANCE LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
DID NOT UNDERTAKE RISK CATEGORIZATION OF CUSTOMERS TO CONDUCT PERIODICAL REVIEW VIOLATING PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT IDENTIFY AND VERIFY BENEFICIAL OWNER VIOLATING PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.4,50,000
04-DEC-2020
|
|
| 82 |
|
|
SOLAPUR SOCIAL URBAN CO-OPERATIVE BANK LTD.,THE
|
|
|
DID NOT EXERCISE DUE DILIGENCE OR GROSSLY NEGLIGENT IN CONDUCT OF PROFESSIONAL DUTIES VIOLATING SECTION 22 (NO 38 OF 1949) READ WITH CLAUSE 7 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.5,50,000
15-APR-2019
|
|
| 83 |
|
|
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
|
|
| 84 |
|
|
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
|
| 85 |
|
|
STATE BANK OF INDIA
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.5,00,000
27-OCT-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 86 |
|
|
STERLING URBAN CO-OPERATIVE BANK LTD.
|
|
|
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 RS.50,000
14-SEP-2023
|
|
| 87 |
|
|
SUNDARAM FINANCE LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
DID NOT FULLY IMPLEMENT CLIENT DUE DILIGENCE PROGRAMME SPECIFICALLY REGARD TO SCREENING NAMES OF PROSPECTIVE CUSTOMERS/BORROWERS IN THE LATEST UNSC SANCTIONS LIST AND SUCH OTHER LISTS VIOLATING PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT VERIFY IDENTIFY OF ITS CLIENTS SPECIFICALLY BY NON-VERIFICATION OF KYC DOCUMENTS WITH ORIGINALS VIOLATING PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.3,00,000
27-OCT-2020
|
|
| 88 |
|
|
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 RS.25,000
16-AUG-2023
|
|
| 89 |
|
|
TUMKUR GRAIN MERCHANTS CO-OPERATIVE BANK LTD.
|
|
|
DID NOT EXERCISE DUE DILIGENCE AND BEING GROSSLY NEGLIGENT IN CONDUCT OF PROFESSIONAL DUTIES AS PER SECTION 132 (4) OF THE COMPANIES ACTREAD WITH SECTION 22 OF THE CHARTERED ACCOUNTANTS ACT 1949 (NO 38 OF 1949)AND CLAUSE 7 OF PART I OF SECOND SCHEDULE OF CHARTERED ACCOUNTANT ACT, 1949 IN MATTER OF PRABHU STEEL INDUSTRIES 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.4,50,000
09-JAN-2020
|
|
| 90 |
|
|
UNION BANK OF INDIA
|
|
|
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 RS.54,00,000
DIRECTED TO REASSESS ITS INTERNAL MECHANISM AND TRANSACTION MONITORING APPROACH RS.54,00,000
01-OCT-2024
|
|
| 91 |
|
|
UNITED BANK OF INDIA
|
|
|
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.5,70,000
29-APR-2014
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 92 |
|
|
URBAN CO-OPERATIVE BANK LTD.,THE,SHIKARIPUR
|
|
|
DID NOT MAKE DISCLOSURE OF MATERIAL NON-COMPLIANCES THE COMPANY MADE AS PER SECTION 132 (4) OF THE COMPANIES ACT READ WITH SECTION 22 OF THE CHARTERED ACCOUNTANTS ACT 1949 (NO 38 OF 1949) AND CLAUSE 5 OF PART 1 OF THE SECOND SCHEDULE OF THE CHARTERED ACCOUNTANTS ACT 1949IN MATTER OF PRABHU STEEL INDUSTRIES LTD.
DID NOT REPORT MATERIAL MISSTATEMENTS KNOWN TO HIM IN TO APPEAR IN FINANCIAL STATEMENTS AS PER SECTION 132 (4) OF THE COMPANIES ACTREAD WITH SECTION 22 OF THE CHARTERED ACCOUNTANTS ACT 1949 (NO 38 OF 1949)AND CLAUSE 6 OF PART I OF THE SECOND SCHEDULE OF CHARTERED ACCOUNTANT ACT, 1949 IN MATTER OF PRABHU STEEL INDUSTRIES LTD.
DID NOT HAVE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORTING OF CASH TRANSACTIONS ABOVE RS.10.00 LACS VIOLATING SECTIONS 12(1) (A) AND 12(1) (B) OF PREVENTION OF MONEY LAUNDERING ACT, 2002 READ WITH RULES 5(2) AND 7(3) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.6,20,000
15-JUL-2019
|
|
| 93 |
|
|
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
|
|
| 94 |
|
|
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
|
|
| 95 |
|
|
VIKRAMADITYA NAGARIK SAHAKARI BANK MARYADIT
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
DID NOT EVOLVE INTERNAL MECHANISM TO CLASSIFY APPLICABLE/ELIGIBLE NPO ACCOUNTS AND FLAGGING THE SAME FOR IDENTIFICATION, DETECTION, MONITORING AND REPORTING OF ALL TRANSACTIONS INVOLVING RECEIPTS BY NPOS
DID NOT EVOLVE INTERNAL MECHANISM TO IDENTIFY AND VERIFY ULTIMATE BENEFICIAL OWNERSHIP OF TRUSTS, LEGAL PERSONS, LEGAL ENTITIES AND SIMILAR OTHER CUSTOMERS
|
IMPOSED FINE RS.3,00,000
WARNED/DIRECTED TO PAY DUE RS.3,00,000
09-NOV-2022
|
|
| 96 |
|
|
VIRAJPETH PATTANA SAHAKARA BANK NIYAMITHA
|
|
|
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 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
DID NOT HAVE EFFECTIVE INTERNAL MECHANISM TO DETECT AND REPORT OF CASH 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.6,45,000
03-MAR-2021
|
|
| 97 |
|
|
YES BANK LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.3,00,000
11-JAN-2016
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
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| Page 5 of 5
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