by Jyotsna Bucktowar | Jul 1, 2024
Binance classified as a Virtual Digital Asset Service Provider is obligated to maintain transaction records and implement stringent AML measures. Despite this classification, the FIU’s investigation revealed Binance’s non-compliance with these requirements...
by Jyotsna Bucktowar | Mar 15, 2024
This new system aims to simplify the verification process for various financial transactions, such as opening bank accounts, buying insurance, and investing in stocks or mutual funds. Currently, customers are required to provide separate KYC documents for each...
by Jyotsna Bucktowar | Oct 16, 2023
These guidelines relate to the rules framed under the prevention of money laundering Act 2002. For the uninitiated, Prevention of ML Rules, 2023 came into force on Sep 4, this year, and in view of these amendments, certain provisions of the master circular stand to...
by Jyotsna Bucktowar | Oct 15, 2023
RBI has issued new guidelines for Know Your Customer (KYC) to strengthen the customer verification system. Under this, banks and non-banking financial companies (NBFCs) have been asked to adopt a risk-based approach regarding KYC updates from time to time…
by Jyotsna Bucktowar | Aug 31, 2023
Two men who secretly invested in the massive conglomerate turn out to have close ties to its majority owners, the Adani family, raising questions about violations of Indian law…
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