https://www.taxtmi.com/news?id=11994 The regulator exercised statutory powers to impose a monetary penalty on Adarsh Urban Co operative Bank Limited for violations of Know Your Customer (KYC) norms and Anti Money Laundering (AML) directives. A show cause notice was issued, the bank submitted a written reply, and the regulator, after considering that reply, concluded the violations were substantiated and imposed the penalty under the banking statute as applicable to cooperative societies. en-us Tue, 26 Nov 2013 18:51:10 +0530 Tue, 26 Nov 2013 18:51:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11994 The regulator exercised statutory powers to impose a monetary penalty on Adarsh Urban Co operative Bank Limited for violations of Know Your Customer (KYC) norms and Anti Money Laundering (AML) directives. A show cause notice was issued, the bank submitted a written reply, and the regulator, after considering that reply, concluded the violations were substantiated and imposed the penalty under the banking statute as applicable to cooperative societies. News - Tue, 26 Nov 2013 18:51:10 +0530 https://www.taxtmi.com/news?id=11994