The Reserve Bank of India issued a notice reminding financial institutions regarding the rules with respect to investing in payment system operators from jurisdictions that are not compliant with the Financial Action Task Force anti-money laundering and counterterrorist financing standards.
The U.S. State Department published the text of a joint statement between the United States and India upon the second meeting of the Counternarcotics Working Group.
Malta ran AML advertising campaign, Moneyval criticized Vatican, and more, in the weekly roundup.
Hamas moved cryptocurrency donations through Binance, UAB Finolita Unio loses Lithuanian license over Wirecard ties, and more, in the midweek roundup.
The Reserve Bank of India issued a monetary penalty of 12 lakh rupees against the Mumbai, India-based financial institution for violating know-your-customer rules.
The Reserve Bank of India issued a monetary penalty of 10 lakh rupees against the Maharashtra, India-based bank for not adhering to the know-your-customer requirements.