Binance has been fined $2.25 million (Rs 18.82 crore ) by India’s Financial Intelligence Unit (FIU) for violating the country’s anti-money laundering regulations, reports Reuters. “After considering the written and oral submissions of Binance, the Director, FIU-IND, based on the material available on record, found that the charges against Binance were substantiated” the financial watchdog
A fresh set of ‘alert indicators’ have been issued by India’s financial intelligence unit (FIU) for capital markets, insurance companies, online payment gateway intermediaries and crypto currency service providers for effective checking of suspicious transactions in their channels as part of the anti-money laundering and counter-terrorism financing regime. These new guidelines have been issued under
The Pine Mountain Lake Association has agreed to settle a lawsuit brought against it on behalf of the United States government alleging that it improperly applied for and received more than $1.6 million in COVID-19 relief funds for which it was not eligible. An official letter sent out by the PMLA Board of Directors dated