https://www.taxtmi.com/caselaws?id=781978 An NBFC that outsources customer onboarding, KYC, application processing, disbursal mechanics, collections and recovery to fintech service providers may be treated as ceding core lending control, because RBI outsourcing directions permit only limited support outsourcing and require the NBFC to retain ultimate sanctioning, compliance and operational control. Where the lending structure routes funds through merchant accounts, deducts processing fees and is associated with alleged abusive recovery practices and other unlawful activity, the resulting sums may be characterised as proceeds of crime for enforcement action. The text states that, on the facts described, the outsourcing model and the fund flow supported attachment and related findings. en-us Tue, 18 Nov 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781978 An NBFC that outsources customer onboarding, KYC, application processing, disbursal mechanics, collections and recovery to fintech service providers may be treated as ceding core lending control, because RBI outsourcing directions permit only limited support outsourcing and require the NBFC to retain ultimate sanctioning, compliance and operational control. Where the lending structure routes funds through merchant accounts, deducts processing fees and is associated with alleged abusive recovery practices and other unlawful activity, the resulting sums may be characterised as proceeds of crime for enforcement action. The text states that, on the facts described, the outsourcing model and the fund flow supported attachment and related findings. Case-Laws Money Laundering Tue, 18 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781978