Monday, May 20, 2024
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Delhi High Court seeks Finance Ministry reply to PayPal appeal against order deeming it a Payment System Operator under PMLA

Meanwhile, Additional Solicitor General (ASG) SV Raju appeared for the Financial Intelligence Unit (FIU) and stated that PayPal is a PSO and that its own officials have conceded that the platform can be used for terror financing.

“Suppose, someone sitting in Pakistan from Lashkar-e-Taiba sends money to a person in Delhi to get explosives, you will not have any way of knowing it,” the ASG stated.

Source: Barandbench

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