The U.S. Treasury Department published a joint statement on the eighth U.S.-India Economic and Financial Partnership, during which leaders from both countries committed to cooperation on anti-money laundering and counterterrorist financing, among a range of other areas.
The Reserve Bank of India released a guidance document that introduces a framework for a regulatory sandbox system that tests and addresses risks relating to emerging financial technologies.
Indian cryptocurrency exchanges tighten monitoring, Germany’s new financial supervisor pledges tougher approach, and more, in the weekly roundup.
OFAC informally clears humanitarian transfers to Afghanistan, U.S. officials fine Chinese bank and Romanian bank, and more, in the weekly roundup.
The Reserve Bank of India issued a monetary penalty of ₹1.95 crore on the India branch of the bank for non-compliance with directions issued by the regulator concerning costumer protections and cyber resiliency.
The Reserve Bank of India issued a monetary penalty of four lakh rupees against the Goa, India-based financial institution for failure to follow know-your-customer and exposure norm requirements.