https://www.taxtmi.com/news?id=11235 Monetary penalties were imposed after on site scrutiny found violations of regulatory instructions, principally relating to KYC and AML norms, cheque payment safeguards, cash transaction reporting, source of fund verification for certain non resident accounts, failure to obtain required tax identification information, and deficiencies in risk categorisation and periodic account review; penalties followed issuance of show cause notices and consideration of banks' written and personal submissions. en-us Mon, 10 Jun 2013 18:23:11 +0530 Mon, 10 Jun 2013 18:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11235 Monetary penalties were imposed after on site scrutiny found violations of regulatory instructions, principally relating to KYC and AML norms, cheque payment safeguards, cash transaction reporting, source of fund verification for certain non resident accounts, failure to obtain required tax identification information, and deficiencies in risk categorisation and periodic account review; penalties followed issuance of show cause notices and consideration of banks' written and personal submissions. News - Mon, 10 Jun 2013 18:23:11 +0530 https://www.taxtmi.com/news?id=11235