| | AUGUST 20234Recently, the Delhi High Court ruled that the California-headquartered online payment platform, PayPal, is a `Payment System Operator' within the framework of the Prevention of Money Laundering Act (PMLA). According to the ruling, the company must comply with the reporting entity obligations under the PMLA. The High Court rejected PayPal's argument that since it was not considered a `payment system operator' or `reporting entity' under the Payment and Settlement System Act, 2007, it must Ipso facto be held to fall outside the dragnet of the PMLA. Indeed, India is at an interesting juncture as the country is building one of the world's largest digital economies. It is expected to formulate new regulatory frameworks across the digital ecosystem as we go into the future. Compliance is increasingly becoming a significant aspect of creating and even continuing success stories. Remember the tug-war between Twitter and the government on the latest IT Rules 2021 (Intermediary Guidelines and Digital Media Ethics Code)? You don't want your organization to end up in dire predicaments like that. Ethical guidance and long-term risk management are paramount, whether a startup or an established organization. It is no wonder organizations, even small businesses, opt for the service of law firms or appoint Chief Legal Officers to manage the compliance department similarly to operational units. They, in turn, directly contribute to organizational growth. We have come up with a special issue based on the legal domain. Do let us know your thoughts.Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comA Rapidly Evolving Compliance Landscape EditorialVol 04 · Issue 5 - 1 · AUGUST, 2023 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Senior Designer Girisha M Visualizers Asokan S. V. Vayshnavi P. D. NoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comAdvertising ManagersAbhay Katiyar To subscribeVisit https://www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comMagazine Price is Rs. 150 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of Info Connect Web Technolo-gies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2023 Info Connect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.VP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Hima P. M. Nalini Brahmanapalli Roopalatha H P Tejaswini
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