The Directorate of Enforcement (ED) questioned Paytm Payments Bank officials regarding alleged Foreign Exchange Management Act (Fema) violations. Federal regulators are investigating claims that Cash App and related entities failed to conduct proper due diligence, potentially enabling money laundering and terror financing. Paytm partnered with Axis Bank to enhance its merchant payments settlements business. Larry Summers resigned from Square's board amid reports linking the company to money laundering and terrorism concerns.
Interesting that Larry Summers resigned from $SQ's board last week "effective immediately" and now NBC is reporting about the company's ties "to money launderers and terrorists" Doubt this is a coincidence and would bet we see a lot more about these issues in the coming months https://t.co/Eqr8qBTqR3
Interested that Larry Summers resigned from $SQ's board last week "effective immediately" and now NBC is reporting about the company's ties "to money launderers and terrorists" Doubt this is a coincidence and would bet we see a lot more about these issues in the coming months https://t.co/Eqr8qBTqR3
Federal regulators are probing whether Cash App leaves door open to money launderers, terrorists https://t.co/CJq5XuRcEL Another great one from @gmorgenson
New: Feds talking to whistleblowers re CashApp and money laundering. https://t.co/yS20ke8qCs
Paytm ties up with Axis Bank, a key step for the sustenance of its merchant payments settlements business https://t.co/9oBBTjBHxO
Federal regulators are probing whether Cash App leaves door open to money launderers, terrorists.. Great work by @gmorgenson .Very Bad for $SQ & $MQ . just a question of when the Feds step in. @HindenburgRes @NateHindenburg https://t.co/gG5Ge4tZqr
Federal financial regulators are exploring allegations by two whistleblowers that Cash App and entities providing services to its users performed inadequate due diligence, potentially opening the door to money laundering and terror financing. https://t.co/AJYWRys7hp
Paytm Payments Bank faces inquiry over foreign transactions: report https://t.co/RkBWlmHItV
The Directorate of Enforcement (ED) quizzed @PaytmBank officials this week in connection with its probe into alleged violations of Foreign Exchange Management Act (#Fema) by entities using the bank, sources told ET.