Reserve Bank of India removes prior approval for non-bank outward-remittance tie-ups
→AD banks must own FEMA, KYC and settlement controls for remittance tie-ups
Financial Services
179 briefs · 4 new
SEBI penalises Religare ex-chairperson over insider trading in open-offer matter
→Listed-company compliance teams must tighten KMP trade approvals around open-offer discussions
SEBI penalises Dwaith Advisory for excess investment-adviser fees
→Investment advisers need accredited-investor proof before using flexible fee terms
OFSI flags sanctions risks for art market participants and high value dealers
→Art and high-value goods firms must map OFSI reporting and licence-risk controls
CFTC grants capital substituted compliance for France nonbank swap dealers
→France nonbank swap dealers need CFTC confirmation before using substituted compliance
Reserve Bank of India cancels Sarvodaya Co-operative Bank licence
→Sarvodaya Co-operative Bank deposit-taking and deposit repayment must stop from close of business 2026-05-12 under the licence-cancellation order
SEBI settles BofA Securities SDD case for ₹58.5 lakh
→Merchant bankers must evidence SDD controls or face SEBI settlement exposure
FinCEN flags IRGC oil-smuggling and digital-asset laundering red flags
→Financial institutions must map IRGC red flags into SAR detection workflows
FinCEN flags human-trafficking risks around 2026 World Cup host cities
→Host-city financial institutions need World Cup trafficking red flags in SAR workflows
SEBI settles Indiabulls Real Estate fund-diversion case against four developer entities
→Listed-company governance teams must evidence promoter-linked fund-flow controls
SEBI discontinues IRRA backup trading platform
→Stock exchanges must remove IRRA from broker-disruption fallback plans
SEBI sets 30-day lag for educational use of market price data
→Education providers must keep market price data at least 30 days stale