https://www.taxtmi.com/news?id=12028 The Reserve Bank of India imposed a monetary penalty on The Coimbatore District Central Co-operative Bank Ltd. for non-adherence to Know Your Customer (KYC) norms and Anti Money Laundering (AML) guidelines under statutory powers applicable to co-operative societies. The penalty followed issuance of a show cause notice, consideration of the bank's written reply and personal submissions, and a regulatory finding that the violations were substantiated and warranted imposition of a financial penalty. en-us Thu, 05 Dec 2013 18:06:42 +0530 Thu, 05 Dec 2013 18:06:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12028 The Reserve Bank of India imposed a monetary penalty on The Coimbatore District Central Co-operative Bank Ltd. for non-adherence to Know Your Customer (KYC) norms and Anti Money Laundering (AML) guidelines under statutory powers applicable to co-operative societies. The penalty followed issuance of a show cause notice, consideration of the bank's written reply and personal submissions, and a regulatory finding that the violations were substantiated and warranted imposition of a financial penalty. News - Thu, 05 Dec 2013 18:06:42 +0530 https://www.taxtmi.com/news?id=12028