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Financial Intelligence Unit fined Union Bank of India for Rs 37 lakh

FIU Action: The Financial Intelligence Unit (FIU-IND) in its order dated April 15 has imposed a fine of Rs 37 lakh for discrepancies found in the reporting of suspicious transactions during the year 2011 to 2014. Let us know about this in detail.

Muskan Kumawat Journalist

Apr 16, 2025 • 4:59 PM

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“Financial Intelligence Unit fined Union Bank of India for Rs 37 lakh”

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16 Apr 2025

Financial Intelligence Unit fined Union Bank of India for Rs 37 lakh

Financial Intelligence Unit (FIU) took action against Union Bank of India over irregularities in suspect transactions reporting for the period 2011-2014. The public sector bank has been penalised to the tune of Rs 37 lakh.

In a regulatory filing on Wednesday, Union Bank said that it has "taken necessary measures to avoid recurrence of such non-compliance."

The Financial Intelligence Unit-India (FIU-IND) in its order dated April 15 has imposed a fine of Rs 37 lakh for "discrepancies found in the reporting of suspicious transactions during the year 2011 to 2014."

Muskan Kumawat Verified Public Figure • 16 Apr, 2026 Journalist

Muskan Kumawat is a Journalist & Content Writer at Sangri Times English, covering a wide range of topics, including news, entertainment, and trending stories. With a strong passion for storytelling and in-depth reporting, she delivers engaging and informative content to readers.