Delhi High Court stays Financial Intelligence Unit order imposing Rs 96 lakh penalty on PayPal

The penalty was imposed on PayPal for not registering itself as a “reporting entity” under the Prevention of Money Laundering Act (PMLA), 2002.
Paypal
Paypal

The Delhi High Court on Tuesday stayed a Financial Intelligence Unit order imposing a penalty of Rs 96 lakh on payment service PayPal (PayPal Payments Pvt Ltd v. Financial Intelligence Unit).

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