Tag: anti-money laundering law
Posted in Startups
payment payments bank: Paytm Payments Bank failed to put apparatus for detecting, reporting suspicious transactions under PMLA: FIU
Paytm Payments Bank failed to put in place an internal mechanism to “detect and report” suspicious transactions as stipulated under the anti-money laundering law and…
Posted in Economy
India Anti money laundering law: Anti-money laundering law ambit widened: A look at the changes
India has widened the ambit of anti-money laundering law by bringing in new reporting entities, and changed the way financial transactions are recorded, giving more…
Posted in Economy
Changes in anti-money laundering law can adversely impact foreign investment facilitation, say CAs
Chartered accountants are seeking clarifications on the finance ministry’s recent notification on extending the ambit of anti-money laundering law as it can adversely impact ease…