Question
How much monetary penalty was imposed by FIU-IND on Bybit
Fintech Limited for violations under PMLA?Solution
FIU-IND imposed a ₹9.27 crore penalty on Bybit Fintech Limited, a Virtual Digital Asset Service Provider (VDA SP), for violating Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) regulations under the Prevention of Money Laundering Act (PMLA), 2002.
Alok and Kajal started a business by investing Rs. 'X' and Rs. (X + 700), respectively. 20 months later, Kajal withdrew his entire investment. At the en...
‘M’ and ‘N’ enter into a partnership. ‘M’ invests 50% more than ‘N’, but ‘N’ invests his money for 40% more time than ‘M’. What ...
Ashish started a business by investing Rs. 4200. Few months later; Ramesh joined him by investing Rs. 4800 such that at the end of the year, the profit ...
Tina invests Rs. ‘X’ for 3 years at 6% p.a. simple interest. Mina invests the same Rs. ‘X’ for 2 years at 8% p.a. compound interest. If Tina’s...
Ravi, Sohan, and Meera started a business with initial investments in the ratio 4:6:9 respectively. After one year, Meera, Ravi, and Sohan made addition...
Two friends A and B started the business together. A invested Rs. 2000 more than B. A left the business after 8 months. If annual profit is Rs.6800 and ...
Two people 'Anil' and 'Binod' entered into a partnership with an Starting investment of Rs.5,000 and Rs.8,000, individually. After one year, 'Anil' and ...
M and N started a business by investing Rs.4000 and Rs.5000 respectively. After 7 months, M and N increased their investments by 30% and Rs.2400 respect...
A businessman earned Rs. 50,000 profit. He invested 30% of this profit in stocks, donated 10% of the remaining to charity, and spent 15% of the rest on ...
A, B and C started a business together with Rs 12,000, Rs 12,000 and Rs 8,000 respectively. B worked only for ‘x’ months while C left the business ...
