https://www.taxtmi.com/acts?id=23023 The Director may inquire into reporting entities' compliance and, where necessary, direct specified records to be audited by an accountant from a Central Government panel with audit expenses borne by the Central Government. On finding failures to comply, the Director may issue warnings, direct compliance or reporting measures, or impose monetary penalties for each failure, and must forward copies of such orders to the banking companies, financial institutions, intermediaries or persons who were parties to the proceedings. en-us Wed, 16 Nov 2016 10:41:42 +0530 Wed, 16 Nov 2016 14:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23023 The Director may inquire into reporting entities' compliance and, where necessary, direct specified records to be audited by an accountant from a Central Government panel with audit expenses borne by the Central Government. On finding failures to comply, the Director may issue warnings, direct compliance or reporting measures, or impose monetary penalties for each failure, and must forward copies of such orders to the banking companies, financial institutions, intermediaries or persons who were parties to the proceedings. Act-Rules Money Laundering Wed, 16 Nov 2016 10:41:42 +0530 https://www.taxtmi.com/acts?id=23023