| S.No. |
ENTITY |
DIRECTORS/ PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ALLAHABAD BANK
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.3,00,000
19-OCT-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 2 |
|
|
ALLAHABAD BANK
|
|
|
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 EVOLVE INTERNAL MECHANISM TO FURNISH INFORMATION OF CASH TRANSACTIONS
|
IMPOSED FINE RS.3,00,000
31-DEC-2013
|
APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT AT NEW DELHI VIDE ITS ORDER DATED 09/07/2015 DISMISSED THE APPEAL. NO COSTS
|
| 3 |
|
|
ALLAHABAD BANK
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
|
IMPOSED FINE RS.5,10,000
05-FEB-2014
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 4 |
|
|
ANDHRA BANK
|
|
|
DID NOT FILE REPORTS OF SUSPICIOUS TRANSACTION WITH COMPLETE AND ACCURATE DETAILS AS REQUIRED VIDE FIU-IND LETTER DATED 12/12/2018 VIOLATING SECTIONS 12(1) (A) AND (B) OF PREVENTION OF MONEY LAUNDERING ACT,2002 READ WITH RULE 2(1) (G), 3(1) (D), 5 AND 7(3) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
DID NOT HAVE EFFECTIVE INTERNAL MECHANISM TO DETECT ALL SUSPICIOUS TRANSACTIONS VIOLATING SECTIONS 12(1) (A) AND (B) OF PREVENTION OF MONEY LAUNDERING ACT,2002 READ WITH RULE 2(1) (G), 3(1) (D), 5 AND 7(3) OF PML (MAINTENANCE OF RECORDS) RULES, 2005
|
IMPOSED FINE RS.14,00,000
22-MAY-2019
|
|
| 5 |
|
|
AXIS 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.2,64,30,000
13-APR-2016
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 6 |
|
|
AXIS BANK LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.13,00,000
23-MAR-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 7 |
|
|
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
|
|
| 8 |
|
|
BANK OF BARODA
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.3,00,000
01-OCT-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 9 |
|
|
BANK OF BARODA
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS
DID NOT CARRY OUT EFFECTIVE CUSTOMER DUE DILIGENCE VIOLATING SUB RULES (4), (7), (12) AND 9 OF RULES
DELAY IN FILING OF ELECTRONIC FUND TRANSFER (EFTS) REPORTS
DID NOT FILE ELECTRONICS FUND TRANSFER (EFTS) REPORTS
DID NOT REPORT MATERIAL MISSTATEMENTS KNOWN TO HIM IN TO APPEAR IN A FINANCIAL STATEMENTS VIOLATING SECTION 22 (NO 38 OF 1949) READ WITH CLAUSE 6 OF PART I OF SECOND SCHEDULE OF CHARTERED ACCOUNTANT ACT, 1949 IN MATTER OF OF IL&FS FINANCIAL SERVICES LTD.
DID NOT FILE SUSPICIOUS TRANSACTIONS REPORTS (STRS)
FILED IMPROPER SUSPICIOUS TRANSACTIONS REPORTS (STRS)
DELAY IN FILING OF SUSPICIOUS TRANSACTIONS REPORTS (STRS)
|
IMPOSED FINE RS.9,00,00,000
27-MAR-2018
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 10 |
|
|
BANK OF INDIA
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.4,00,000
19-SEP-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 11 |
|
|
BANK OF MAHARASHTRA
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.2,00,000
03-JUL-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 12 |
|
|
CANARA BANK
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.3,00,000
29-OCT-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 13 |
|
|
CENTRAL BANK OF INDIA
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.2,00,000
06-AUG-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 14 |
|
|
CENTRAL BANK OF INDIA
|
|
|
DID NOT FILE REPORT MANDATED BY ALERT ISSUED UNDER SECTION 12A OF PREVENTION OF MONEY LAUNDERING ACT, 2002
|
IMPOSED FINE RS.2,00,000
23-DEC-2020
|
|
| 15 |
|
|
CORPORATION BANK
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.1,00,000
23-JUL-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 16 |
|
|
DAIMLER FINANCIAL SERVICES INDIA PVT.LTD.
|
|
|
DID NOT IMPLEMENT EFFECTIVE TRANSACTION MONITORING AND REPORTING SYSTEM TO ALERT GENERATION, UCIC ALLOTMENT AND AUTHENTICATION OF KYC DOCUMENTS
|
IMPOSED FINE RS.1,00,000
WARNED & CAUTIONS TO EXERCISE IN FUTURE RS.1,00,000
31-OCT-2022
|
|
| 17 |
|
|
DENA BANK
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.1,00,000
04-SEP-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 18 |
|
|
DEVELOPMENT CREDIT BANK LTD.
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.1,00,000
07-AUG-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 19 |
|
|
DHANALAKSHMI BANK LTD.,THE
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.1,00,000
06-AUG-2015
|
NOT APPEARING IN THE LIST DATED 30-JUN-2018
|
| 20 |
|
|
FEDERAL BANK LTD.,THE
|
|
|
DID NOT EVOLVE INTERNAL MECHANISM TO REPORT INTEGRALLY CONNECTED TRANSACTIONS
|
IMPOSED FINE RS.2,00,000
28-AUG-2015
|
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. |
| |
|
|
| Page 1 of 4
|
