AML guidelines

Bank penalised for not reporting transactions over 10 lacs to FIU

Press Release : 2010-2011/1842 The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Padra Nagar Nagarik Sahakari Bank Limited, Vadodara, Gujarat, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for… Read More

Tag: AML guidelines

RBI penalises Bank for non adherence to AML guidelines

The Reserve Bank of India has imposed a monetary penalty of  Rupees one lakh on The Unava Nagarik Sahakari Bank Ltd., Unava, Dist. Mehsana, Gujarat in exercise of powers vested in it under the provisions of Section 46 read with Section 47A of the Banking Regulation Act, 1949 (AACS) for violation of Reserve Bank of… Read More

Tags: AMLAML guidelines

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates