The RBI alerted the ED about possible money laundering and KYC violations at Paytm. The home ministry alerted the PM's office about security concerns related to fund flows with links to China. RBI uncovered data breaches and found violations of the Prevention of Money Laundering Act. Paytm officials were told to mend their ways after a meeting with the regulator. RBI took action to warn the company, and harsher action is possible if there is no change. Read The Rest at :
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