Money Laundering - Whether an Online Payment Gateway Service ...

Court Examines If PayPal is a Reporting Agency Under PMLA, Affecting Its Money Laundering Compliance Obligations.

July 31, 2023

Case Laws Money Laundering HC

Money Laundering - Whether an Online Payment Gateway Service (OPGSP) could be said to be a Reporting Agency under the PMLA? - It is the case of the respondents that PayPal is a payment system operator and thus a reporting entity. - PayPal is liable to be viewed as a “payment system operator” and consequently obliged to comply with reporting entity obligations as placed under the PMLA. - HC

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Money Laundering - Whether an Online Payment Gateway Service ...

Court Examines If PayPal is a Reporting Agency Under PMLA, Affecting Its Money Laundering Compliance Obligations.

July 31, 2023

Case Laws Money Laundering HC

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