| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
BAJAJ FINANCE LTD.
|
|
|
DID NOT FURNISH COMPLETE RESPONSE TO QUESTIONNAIRE FROM FIU-IND
DID NOT CARRY OUT KNOW YOUR CLIENTS (KYC) UPDATION BASED ON PERIODIC RISK ASSESSMENT
DID NOT CARRY OUT DETERMINATION OF ULTIMATE BENEFICIAL OWNERSHIP
DID NOT CARRY OUT PRODUCT RISK ASSESSMENT AND TO PERFORM ENHANCED DUE DILIGENCE FOR CUSTOMERS
DID NOT FILE SUSPICIOUS TRANSACTIONS REPORTS (STRS)
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
|
IMPOSED FINE RS.3,00,000
WARNED/DIRECTED TO PAY DUE RS.3,00,000
28-MAR-2022
|
|
| 2 |
|
|
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
|
|
| 3 |
|
|
NAINITAL BANK LTD.,THE
|
|
|
DID NOT UPDATE KNOW YOUR CLIENTS (KYC) AND ANTI-MONEY LAUNDERING (AML) POLICY
DID NOT FURNISH COMPLETE RESPONSE TO QUESTIONNAIRE FROM FIU-IND
DID NOT MATCH NAMES AND PROFILES OF CUSTOMERS WITH REQUISITE SANCTIONS LISTS AT THE TIME OF ONBOARDING
DID NOT CONSIDER ALL PARAMETERS OF RISK ASSESSMENT AND TO CARRY OUT UPDATION OF RISK CATEGORY ON TRANSACTIONAL AND OCCUPATIONAL BASIS
DID NOT FOLLOW REQUISITE PROCESS OF DETERMINATION OF ULTIMATE BENEFICIAL OWNERSHIP
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 IMPLEMENT EFFECTIVE TRANSACTION MONITORING AND REPORTING SYSTEM TO ALERT GENERATION, UCIC ALLOTMENT AND AUTHENTICATION OF KYC DOCUMENTS
|
IMPOSED FINE RS.25,000
WARNED/DIRECTED TO PAY DUE RS.25,000
30-MAR-2022
|
|
| 4 |
|
|
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
|
|
| 5 |
|
|
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
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
