Question

    How much monetary penalty was imposed by FIU-IND on Bybit

    Fintech Limited for violations under PMLA?
    A ₹7.5 crore Correct Answer Incorrect Answer
    B ₹8.2 crore Correct Answer Incorrect Answer
    C ₹9.27 crore Correct Answer Incorrect Answer
    D ₹10 crore Correct Answer Incorrect Answer
    E ₹12 crore Correct Answer Incorrect Answer

    Solution

    FIU-IND imposed a ₹9.27 crore penalty on Bybit Fintech Limited, a Virtual Digital Asset Service Provider (VDA SP), for violating Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) regulations under the Prevention of Money Laundering Act (PMLA), 2002.

    Practice Next