PayPal is a Payment System Operator Under PMLA; Should Comply with Reporting Entity Obligations: Delhi High Court

The Delhi HC on Monday stated that PayPal is a payment system operator under PMLA and should comply with reporting entity obligations. The bench of Justice Yashwant Varma was dealing with the petition challenging the impugned order passed by the first respondent the Financial Intelligence Unit India holding it to be a reporting entity under

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