REG - Axis Bank Ltd Axis Bank Ltd (144A) - Disclosure under Regulation 30 of SEBI LODR

Axis BankAnnouncement

05/06/2024 09:15

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RNS Number : 2104R  Axis Bank Limited  05 June 2024

 

 

 

 

AXIS/CO/CS/155/2024-25

 

June 4, 2024

 

Dear Sir/Madam,

 

 SUB:  Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
       Requirements) Regulations, 2015.

 

We wish to inform you that the Financial Intelligence Unit - India ("FIU-IND")
vide their order dated June 3, 2024, has imposed a monetary penalty amounting
to Rs. 1,66,25,000/- (Rupees One crore Sixty- Six lakh and Twenty-Five
Thousand only) on the Bank for non-compliances of Section 12(1)  of the
Prevention of Money Laundering Act, 2002 read with Prevention of Money
 Laundering (Maintenance of Records) Rules, 2005, in respect of opening and
monitoring of certain accounts.

 

This penalty has been imposed in exercise of powers conferred under Section
13(2)(d) of the Prevention of Money Laundering Act, 2002 (PMLA).

 

The Bank has already initiated / taken corrective measures, as necessary, to
align the operations / procedures in line with the stipulations of the FIU-IND
and Reserve Bank of India.

 

The relevant information as per the format prescribed by SEBI vide its
circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is
attached as Annexure A.

This is for your information and records.

 

Thanking you.

 

Yours faithfully,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

http://www.rns-pdf.londonstockexchange.com/rns/2104R_1-2024-6-5.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2104R_1-2024-6-5.pdf)

Encl.: As above.

 

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