Financial Compliance News - Latest Updates & Headlines
FIU-IND, RBI sign MoU for enhanced coordination and information exchange
New Delhi, April 17: The Financial Intelligence Unit- India (FIU-IND) and the Reserve Bank of India (RBI) signed a Memorandum of Understanding (MoU) here in the national capital on Thursday, as part of continued coordinated efforts in effective implementation of requirements of the Prevention of Money Laundering Act and Rules framed thereunder.
SEBI issues warning to DAM Capital over operational deficiencies
New Delhi, March 21: Recently-listed DAM Capital Advisors on Friday said the Securities and Exchange Board of India (SEBI) has issued an administrative warning to it over certain operational deficiencies in its institutional broking business.
SEBI issues warning to Nestle India for insider trading violation
Mumbai, March 7: The Securities and Exchange Board of India (SEBI) has issued an administrative warning to FMCG major Nestle India for violating insider trading regulations, the company informed exchanges on Friday.
Will resolve FEMA allegations linked to Little Internet and Nearbuy subsidiaries: Paytm
New Delhi, March 1: Digital payments and financial services major Paytm on Saturday said it will seek resolution of alleged FEMA contraventions related to two acquired subsidiaries — Little Internet Private Limited (LIPL) and Nearbuy India Private Limited (NIPL).
RBI lifts restrictions on Kotak Mahindra Bank from issuing credit cards, adding customers online
New Delhi, February 12: The Reserve Bank has lifted all restrictions it placed on Kotak Mahindra Bank. On April 24 last year, the RBI imposed certain business restrictions on the private lender.