IndiaThe 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.
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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.
| 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 |