Anti-corruption reform expands bribery offences, strengthens penalties and corporate liability and expedite trials.
The amendment package enlarges bribery offences, enhances imprisonment terms, treats intentional illicit enrichment as criminal misconduct with disproportionate assets as proof, and expressly includes non-monetary gratification. It transfers attachment powers to the Special Judge, extends inducement provisions to commercial entities, requires corporate guidelines to prevent bribery, prescribes a two year trial completion target, delineates public servants' obligations to follow statutory duties and extends prior-sanction protections and Lokpal/Lokayukta sanction requirements for certain investigations.

KYC/AML compliance failures prompt central bank to impose penalties on banks and caution others to strengthen controls.
Reserve Bank imposed monetary penalties on three public sector banks under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 for substantiated violations of KYC/AML obligations, including failures in customer identification, transaction monitoring, RTGS receipt handling, account opening diligence and internal controls; eight other banks were cautioned to strengthen and periodically review measures to ensure strict KYC compliance.

Automatic exchange of information should be implemented globally to tackle offshore tax evasion and ensure reciprocity.
The statement urges adoption of automatic exchange of information under the Common Reporting Standards on a fully reciprocal global basis, pressing non committed jurisdictions to implement without delay. It criticises exchange of information on request as limited, and calls on the Global Forum to monitor implementation, ensure necessary legal and regulatory frameworks exist, and verify that information is being exchanged in practice to address offshore tax evasion and illicit financial flows.

KYC/AML non-compliance leads to monetary penalties imposed on multiple central co-operative banks after show-cause process.
The Reserve Bank of India imposed a monetary penalty of five lakh rupees each on sixteen Central Co-operative Banks for non-adherence to Know Your Customer (KYC) norms and Anti Money Laundering (AML) standards under the Banking Regulation Act applicable to co-operative societies, after issuing show cause notices, considering written replies and personal submissions, and concluding that the violations were substantiated.