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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 21-NOV-2024

FOREIGN BANKS: OUTSOURCED MONITORING AND DISPOSAL/CLOSURE (DECISION MAKING FUNCTION) OF AML (ANTI-MONEY LAUNDERING) ALERTS TO A GROUP COMPANY

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person CITIBANK N.A.
  DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON TRANSFER OF ELIGIBLE FUNDS TO DEPOSITOR EDUCATION AND AWARENESS FUND WITHIN PRESCRIBED PERIOD

DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI ON PAYMENT OF REMUNERATION TO EMPLOYEES IN FORM OF COMMISSION

OUTSOURCED MONITORING AND DISPOSAL/CLOSURE (DECISION MAKING FUNCTION) OF AML (ANTI-MONEY LAUNDERING) ALERTS TO A GROUP COMPANY   		IMPOSED PENALTY RS.5,00,00,000

02-NOV-2023 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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