Delhi High Court Seeks Finance Ministry's Response In PayPal’s Appeal Against Being Declared ‘Payment System Operator’ Under PMLA

Nupur Thapliyal

5 Sept 2023 5:29 PM IST

  • Delhi High Court Seeks Finance Ministrys Response In PayPal’s Appeal Against Being Declared ‘Payment System Operator’ Under PMLA

    The Delhi High Court has sought response of the Union Government on an appeal moved PayPal challenging a single judge order holding that the payment platform is liable to be viewed as a “payment system operator” and consequently obliged to comply with reporting entity obligations under the Prevention of Money Laundering Act, 2002.A division bench comprising Chief Justice Satish Chandra...

    Nupur Thapliyal

    Nupur Thapliyal

    Nupur Thapliyal is a Principal Correspondent with LiveLaw, based in New Delhi. She reports from the Delhi High Court and trial courts in the national capital

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