Paypal being the Payment System Operator shall comply with PMLA Requirements: Delhi HC [Read Order]

Paypal - Payment -System- Operator - comply - PMLA- Requirements-Delhi -HC-taxscan

In a significant case, the Delhi High Court held that Paypal being a payment system operator shall comply with the Prevention of Money Laundering Act 2002 (PMLA) requirements. The assessee, PayPal Payments Private Limited, challenged the impugned order passed by the first respondent the Financial Intelligence Unit India (FIU-IND)holding it to be a ―reporting entity‖…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader