Tag: pmla
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 Finance
TDS at 1% pushing crypto investors to grey market: Will Budget 2024 reconsider it?
Virtual Digital Assets (VDAs) such as crypto, Non-Fungible Tokens (NFT) are encrypted digital holdings on blockchain. Chainalysis’ ‘Global Crypto Adoption Index’ (2023) also suggests that…
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…
Posted in Economy
Individuals acting as formation agents for cos, LLPs to be covered under anti-money laundering law
The government on Tuesday amended the anti-money laundering law to bring individuals acting as formation agents of companies and others under its ambit. The finance…