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

Dununu.com Dununu

Sponsorluk

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

Please log in to like, share and comment!

Who is Andrea Pirlo, the Italian world cup legend appointed head coach of Dubai’s United FC?

Italy legend Andrea Pirlo has been appointed head coach of Dubai-based United FC, a rapidly...

By 0 0

Coldplay scandal: Kristin Cabot seen for first time after viral video with Andy Byron; watering plants, no wedding ring

Kristin Cabot, the former HR chief of Astronomer, was spotted in New Hampshire following her...

By 0 0

EĞİTİM BİLGİLERİ

MP Board Class 10th, 12th supplementary result 2025 declared at mpbse.mponline.gov.in: Check direct link to download scorecards here

By 0 3

EĞİTİM BİLGİLERİ

How does a Juris Doctor degree prepare you to pursue a law career in the US?

By 0 5

EĞİTİM BİLGİLERİ

Community college vs university: Which path makes more career sense in 2025

By 0 5