Thursday, February 25, 2021

PayPal fined for non compliance.


Non-compliance of PMLA, 2002 by PayPal

  1. Willfully avoiding its obligations under section 12 of the Act by not registering itself as a reporting entity
  2. Failure to register its Principal Officer and communicate to the Director, FIU-IND, name and address of the Principal Officer – violation of rule 7(1) of the PML Rules, 2005
  3. Failure to register its Designated Director and communicate to the Director, FIU-IND, name and address of the Designated Director – violation of rule 7(1) of the PML Rules, 2005





























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“Nexus & Business Associates”, Wishing you a happy Raksha Bandhan to all.

 Raksha Bandhan Signifies The Bond Between Brothers And Sisters & Rakhi Represents The Love And Care For Your Closest Ones.