https://www.taxtmi.com/news?id=14274 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. en-us Wed, 01 Apr 2015 13:08:07 +0530 Wed, 01 Apr 2015 13:08:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14274 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. News - Wed, 01 Apr 2015 13:08:07 +0530 https://www.taxtmi.com/news?id=14274