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Delhi High Court seeks Finance Ministry reply to PayPal appeal against order deeming it a Payment System Operator under PMLA

The High Court said that the matter is very important and it requires a detailed response from the Central government.

Sandeep sethiHigh courtOnline payment gateway service providerSenior advocate sandeep sethiReserve bankAdditional solicitor generalFinancial intelligence unitDelhi high courtPayment system operatorPrevntion of money laundering actReporting entityReporting entity under pmlaReporting entity under prevention of money laundering actPaypal reporting entity pmlaPaypal payments private limitedv financial intelligency unit india through additional director amp anrMinistry of finance

PayPal is a payment system operator under PMLA; should comply with reporting entity obligations: Delhi High Court

The Court set aside the Financial Intelligence Unit's order imposing ₹96 lakh on PayPal for failing to register as a ‘reporting entity’ under PMLA.

Justice yashwant varmaSingle judge justice yashwant varmaSettlement system actDelhi high courtFinancial intelligency unitFiu penalty on paypalReporting entityReporting entity under pmlaPaypal versus fiuDelhi high court newsDelhi hc newsDelhi high court orderDelhi hc orderPayment system operatorPayment system operator under pmlaSection 12 pmla

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