IndiaThe Reserve Bank of India informed executives of banks participating in Real Time Gross Settlement or National Electronic Funds Transfer systems of the introduction of legal entity identifier for large value transactions in centralize payment systems.
The Reserve Bank of India published the Report on Trend and Progress of Banking in India 2019-20, which provides a review of the banking sector, in particular anti-money laundering supervision.
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The Financial Intelligence Unit of India issued a fine of 96 lakh rupees against the Mumbai, India subsidiary of the Palo Alto-based company for its failure to comply with the Prevention of Money Laundering Act, 2002, and related rules.
The Reserve Bank of India issued a monetary penalty of five lakh rupees against the Chhattisgarh, India-based financial institution for its failure to follow directions on regarding know-your-customer and on-site ATM opening rules.
| 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 : 80/180 |
| Score : 41/100 |
| Rank : 47/133 |
| Score : 48/100 |