Are Payment gateways ‘reporting entities’ under PMLA?

July 28, 2023 |

Introduction Should a word or a phrase defined similarly in two different statutes be interpreted differently? Hon’ble Delhi High Court has answered this interesting and important legal issue this week in its judgement dated JUly 24, 2023 in case of PayPal Payments Pvt. Ltd. (‘PayPal’) Vs. Financial Intelligence Unit India & Anr. [W.P. (C )…

Read More