TMI BlogMoney Laundering - Levy of penalty - failure on the part of banks regarding suspicious transactions -...Money Laundering - Levy of penalty - failure on the part of banks regarding suspicious transactions - Even if it is assumed that the sting operation was conducted prior to 15.02.2013, there is no infirmity in the decision of the Appellate Tribunal to modify the punishment from a monetary fine to a warning in writing, in terms of Section 13(2)(a) of the Act as substituted with effect from 15.02.2013 - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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