In its Mutual Evaluation Report on Anti-Money Laundering and Counter-Terrorist Financing in China published in April 2019, the FATF explicitly pointed out that China should improve the legal system for anti-money laundering and counter-terrorism financing of specified non-financial institutions, strength...
We are pleased to announce the speakers for our discussion “Understanding the Draft Data Protection Rules, 2025.” The event aims to address the challenges associated with operationalising various aspects of the rules including verifiable parental consent, the 72-hour data breach reporting timelines, ...
“If we look at it from a long term perspective, the new rules will not impact the payment side of our business, but it will impact the turnaround time, ability to give rewards, subscriptions and handle grievances. It is a revenue hit for banks, card network fee will go down, while a...
Robinson, who is internationally known for his 1995 investigative tour de force, The Laundrymenhas defined money laundering as “illegal money put through a cycle of transaction, so that it comes out the other end as legal money. In other words, the source of illegally obtained funds is obscu...
In Jan 2015, New Form 11 was issued by EPFO to replace existing Form 11. The Declaration Form, , Form No. 11(New), also replaces Form 13 for existing member of the Provident Fund for transfer of his fund if he has UAN. The members who have been allotted UAN and where KYC details...
you may have control over other people’s actions, despite them being registered as a distributor or such”, he explained. However, he added that if finfluencers provide recommendations in videos containing embedded advertisements from mutual funds and brokers, it would be classified as a violation...