https://www.taxtmi.com/caselaws?id=781490 Reporting-compliance provisions under the Prevention of Money Laundering Act, 2002 require timely and accurate transaction reporting, and penalties may be sustained for established defaults in CTRs, STRs, NTRs, CBWTRs and section 12A data reporting. Refiled CTRs were not counted once defects were cured, but first-time delay remained actionable; technical difficulty did not excuse non-compliance. In STR matters, delayed reporting and incomplete or inaccurate grounds of suspicion were treated as substantive defaults. Delayed or non-filed NTRs and CBWTRs were also upheld where generic or incorrect information was furnished. However, repetitive penalty for the same failure to maintain an effective internal mechanism was set aside as duplicative. en-us Thu, 13 Nov 2025 00:00:00 +0530 Mon, 17 Nov 2025 08:36:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781490 Reporting-compliance provisions under the Prevention of Money Laundering Act, 2002 require timely and accurate transaction reporting, and penalties may be sustained for established defaults in CTRs, STRs, NTRs, CBWTRs and section 12A data reporting. Refiled CTRs were not counted once defects were cured, but first-time delay remained actionable; technical difficulty did not excuse non-compliance. In STR matters, delayed reporting and incomplete or inaccurate grounds of suspicion were treated as substantive defaults. Delayed or non-filed NTRs and CBWTRs were also upheld where generic or incorrect information was furnished. However, repetitive penalty for the same failure to maintain an effective internal mechanism was set aside as duplicative. Case-Laws Money Laundering Thu, 13 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781490