ED questions Paytm executives gets documents on latest RBI action
(This story has not been edited by THE WEEK and is auto-generated from a PTI
Source: theweek.in
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Paytm | Enforcement Directorate questions Paytm executives, gets documents on latest Reserve Bank of India action
The central agency, according to the sources, is conducting preliminary examination of documents before it decides to launch a formal investigation into the RBI-flagged alleged irregularities at the fintech company under the Foreign Exchange Management Act
Source: telegraphindia.com
More fintechs may face regulatory action over KYC lapses
Apart from Paytm, four other payment companies are under scrutiny for lapses. The timing of the RBI action coincides with an ongoing FATF audit of India’s financial institutions.
Source: moneycontrol.com
Will South Korea's New Strategy Curb Crypto Crime Wave?
Discover how South Korea's financial authorities are tackling the surge in suspicious crypto transactions originating from crypto exchanges.
Source: beincrypto.com
Money laundering suspected: More payment banks under scanner
About 30,000 of these are with payments banks other than Paytm Payments Bank and details have already been given to the Reserve Bank of India (RBI), which is looking into these and has sought further information, said people with knowledge of the matter. The banking regulator didnt respond to queries.
Source: indiatimes.com