India
The Enforcement Directorate of India announced that it seized the assets of Bijoy A.K., the Commission Agent of Karuvannur Service Cooperative Bank Ltd. for alleged violations of the country’s money laundering laws and fraud.
The Enforcement Directorate of India announced the seizure of properties worth ₹82.77 crore tied to Pooja Singhal, a public official.
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Dubai penalizes Bank of Singapore Limited, Chicago man convicted in trade-based money laundering scheme, and more, in the weekly roundup.
Bankers cast doubt over U.K. anti-financial crime legislation, U.S. securities regulator adopts new penalty policy, and more, in the weekly roundup.
The Reserve Bank of India imposed a monetary penalty of ₹6 lakh on the Chittoor, India-based financial institution for failing to meet its anti-money laundering and counterterrorist financing obligations.
India’s central bank imposed a fine of ₹2.50 lakh on the Osmanabad, India-based bank for its lack of compliance with the regulator’s know your customer directive.
| Technical | Effectiveness |
|---|---|
| Compliant : 5 | High : |
| Largely Compliant : 25 | Substantial : |
| Partially Compliant : 15 | Moderate : |
| Non-Compliant : 4 | Low : |
| Rank : 70/141 |
| Score : 5.15/10 |
| Rank : 86/179 |
| Score : 40/100 |
| Rank : 47/133 |
| Score : 48/100 |