RBI on Monday asked banks, NBFCs, and payment system providers not to refer to its earlier virtual currencies-related circular, that was issued in April 2018 and later aside by the Supreme Court, in their communications to customers.
RBI on Monday asked banks, NBFCs and payment system providers not to refer to its earlier virtual currencies-related circular, that was issued in April 2018 and later aside by the Supreme Court, in their communications to customers.
As the regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in Sri Lanka, the Financial Intelligence Unit (FIU) has imposed penalties, totaling to Rs. 4.0 million for the period from 1 January 2021 to 31 March 2021 to enforce compliance on Financial Institutions.
Penalties have been imposed mainly on the violations of Financial Institutions (Customer Due Diligence) Rules, No. 1 of 2016 in relation to the United Nations sanctions screening, customer identification and verification, Suspicious Transactions Reporting and implementation of proper risk controls and mitigation measures. Details of the penalties imposed by the FIU from 1 January 2021 to 31 March 2021 are as follows. Search for:
iSignthis Ltd (ASX:ISX) AGM-Managing Director & CFO Report
FRA:TA8) is a technology company with EEA and UK financial institution authorisations with inhouse developed flykk(R), ISXPay(R), Paydentity(TM)(patented), Probanx(R) CorePLUS(R) and CoreConnect platforms that allow us to deliver technology and financial services to our customers.
We employ more than 125 staff located across Melbourne, Sydney, Vilnius, Nicosia, London, Amsterdam and Tel-Aviv.
Approximately half of our staff are technical, with more than 43% of our employees being women.
ISX is a:
- RegTech that invents and develops software delivered as a service for exchanges, banks, credit unions, financial institutions and payment service providers.