Nexus & Business Associates

Nexus & Business Associate, First Firm focussed on entire Compliance industry in Kolkata region, an ancient port city of India. We are involved in end to end audit and corporate training programmes in legal and aml field. More than one decade of niche experience in management consulting, outsourcing accounting and book keeping services, advisory, research and welfares. Conducted more than 30 seminars on various topic focused on labour law compliance, management advisory.

Showing posts with label PayPal fined for non compliance.. Show all posts

Showing posts with label PayPal fined for non compliance.. Show all posts

Thursday, February 25, 2021

PayPal fined for non compliance.

Non-compliance of PMLA, 2002 by PayPal

Willfully avoiding its obligations under section 12 of the Act by not registering itself as a reporting entity
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
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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