The Startup India Insight

FIU Penalty


FIU Imposes INR 18.82 Cr Fine on Binance for PMLA Violations

In a significant move FIU has imposed a fine of INR 18.82 crore on Binance for PMLA Violations. Financial Intelligence Unit (FIU) take this action against Binance due to failures in complying multiple provisions of PMLA, 2002. FIU’s Notification According to a notification issued by the FIU, Binance has been found guilty of violating multiple […]

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