CAYMAN ISLANDS MONETARY AUTHORITY REVOKES THE BANKING LICENCE OF HINDUJA BANK

On 31 May, Cayman Compass reported that CIMA says that the bank has contravened AML rules, and not been managed in a fit and proper manner.  The article says that Hinduja Bank is part of the Mumbai-headquartered Hinduja Group, an Indian conglomerate with a portfolio of holdings in ten different industries and a direct presence in 38 countries.

https://www.caymancompass.com/2020/05/31/cima-revokes-hinduja-banks-licence/

 

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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