JUDGMENT :

VIBHU BAKHRU, J.

1. The Financial Intelligence Unit-IND, Department of Revenue, Ministry of Finance, Government of India (hereafter 'FIU') has filed the present appeals-fourteen in number-under Section 42 of the Prevention of Money-Laundering Act, 2002 (hereafter 'the Act') impugning a common judgment dated 28.06.2017 (hereafter 'the impugned order'), passed by the Appellate Tribunal, Prevention of Money Laundering Act (hereafter 'the Appellate Tribunal').

2. By the impugned order, the Appellate Tribunal had modified the orders passed by the Director, FIU under Section 13(2) of the Act. By those orders, the Director, FIU had imposed the maximum fine of Rs. 1,00,000/- for each instance of failure on part of the respondent banks to comply with the obligations as set out in Section 12 of the Act, read with Prevention of Money Laundering (Maintenance and Records) Rules, 2005 (hereafter 'the Rules'). Whilst the Appellate Tribunal rejected the contention of the respondent banks that there was no failure to report any suspicious transactions, it proceeded to reduce the punitive measure as imposed by the Director, FIU. The Appellate Tribunal held that the violation of the reporting