Indian Overseas Bank's Hong Kong branch fined ₹9cr |...

Dununu.com Dununu

Sponsorizzato

Indian Overseas Bank's Hong Kong branch fined ₹9cr

RSS Feed Business

Posted

84

Indian Overseas Bank's Hong Kong branch (IOBHK) faces a HK$8.5 million penalty from the Hong Kong Monetary Authority for AML/CFT ordinance breaches. The HKMA cited 'significant failure' in mitigating risks, pointing to inadequate management oversight and improper handling of transaction alerts. IOB asserts no AML/CFT violations occurred, attributing the issue to software alert handling, with corrective measures underway.

Read Full Article

Effettua l'accesso per mettere mi piace, condividere e commentare!

Air India flight makes U-turn: 'Technical snag' on Mumbai-bound plane turns out to be false; flyers safe

By 0 1

Pension scheme milestone: Atal Pension Yojana enrolments cross 8 crore mark, adds 39 lakh subscribers in FY26

Atal Pension Yojana (APY), a key social security initiative for unorganised sector workers, has...

By 0 2

Shaheen Shah Afridi returns to PAK squad vs WI; no space still for Babar Azam

Shaheen Shah Afridi returns to Pakistan's T20I squad for the West Indies tour, while Hasan Nawaz...

By 0 2

THIS actor quit medicine, struggled for 17 years, starred in Chhaava

Vineet Kumar Singh, once a medical doctor, bravely pursued his acting dream, facing 17 years of...

By 0 8

US Department of Education launches probe into University of Michigan’s DACA scholarship: Is it unfair to American citizens?

By 0 10