Switzerland admits being 'attractive' for money laundering
In a first major admission of being an "attractive location" for laundering of assets amassed illegally abroad, Switzerland has said it needs to further strengthen systems for combating money laundering and terrorist financing.
Jun 21, 2015, 15:17 PM IST
Swedish banks fined over terror financing failures
Sweden`s Financial Supervisory Authority on Tuesday fined the country`s two biggest banks for negligence in their work to prevent money laundering and terror financing.
May 19, 2015, 18:30 PM IST
Black money bill passed in LS; does not deal with domestic illegal money, says govt
In a move that will make the fight against tax evasion and money laundering cases faster and easier, the Lok Sabha on Monday passed the Black money bill.
May 11, 2015, 19:26 PM IST
Govt tables Black Money Bill in Lok Sabha, promises tough punishment for tax evaders
The finance minister said that it would soon become difficult for people to hide ill-gotten wealth. “The Bill doesn't deal with domestic black money,” Jaitley said.
May 11, 2015, 15:25 PM IST
Black money bill likely in Lok Sabha on Monday
With barely three days to go for the budget session of the Lok Sabha to end, the government is set to move the Undisclosed Foreign Income and Assets Bill, or the black money bill, on Monday.
May 10, 2015, 20:25 PM IST
Firms garner Rs 2 lakh crore in illicit funds; watchdogs up vigil
As many as 500 cases have come under the scanner of revenue intelligence agencies and capital markets regulator SEBI for raising a whopping Rs 2 lakh crore illegally in the guise of non-convertible debentures and private placements.
May 03, 2015, 13:13 PM IST
Government to make all international transactions transparent by 2017: Jaitley
Finance Minister Arun Jaitley on Friday said that the country needs a law to prevent money laundering, adding that the systems are broadly in place.
May 01, 2015, 11:05 AM IST
2G scam: SC concern over leakage of info placed in sealed cover
The Supreme Court on Thursday expressed concern over the leakage of name given to it in a sealed cover relating to alleged interference in a 2G spectrum scam case.
Apr 30, 2015, 18:55 PM IST
Money laundering cases rise to record high in Switzerland
Long considered a safe haven for suspected black money, Switzerland has reported a sharp rise in the 'suspicious activity reports' received by its Money Laundering Reporting Office to a record high level of 1,753.
Apr 29, 2015, 18:38 PM IST
Black money: PMLA cases face setback as special court goes vacant
In a major blow to fight against black money, a special authority established to try money laundering cases bearing revenue value of crores of rupees has been rendered vacant as the lone member of the three-member body resigned Monday.
Apr 27, 2015, 21:00 PM IST
Luxembourg diplomat seeks investments from India Inc
In a bid to attract investments into Luxembourg, once seen as a "tax haven", its ambassador Wednesday assured industrialists and investors that his government "does not encourage money laundering."
Apr 22, 2015, 22:20 PM IST
Black money: SC asks SIT to submit status report by May 12
The Supreme Court has asked the Special Investigation Team (SIT) on black money to submit a status report of its investigation in the money laundering case by May 12.
Apr 21, 2015, 17:48 PM IST
2G PMLA case: Court to hear final arguments from June 1
A defence witness in a 2G scam- related money laundering case, in which former Telecom Minister A Raja, DMK MP Kanimozhi and 17 others are facing trial, Friday told a special court here that money transactions between several accused firms were "legal" and "genuine".
Apr 17, 2015, 22:02 PM IST
Sebi bars 129 entities; suspects money laundering, tax evasion
In a fresh crackdown on suspected tax evasion and laundering of black money through stock markets, regulator Sebi on Friday barred Mishka Finance and Trading Ltd and 128 other entities from the securities market.
Apr 17, 2015, 20:41 PM IST
Brazil ruling party treasurer arrested in Petrobras probe
The treasurer of Brazil`s ruling party was arrested Wednesday for alleged money laundering and taking bribes from state oil giant Petrobras that were stuffed into backpacks, the latest blow to President Dilma Rousseff.
Apr 16, 2015, 03:57 AM IST
Black money: SIT reviews work of probe agencies
The Special Investigation Team (SIT) on black money Wednesday reviewed the work done by various agencies in connection with their respective probes in tax evasion, duty theft and money laundering cases.
Apr 08, 2015, 21:59 PM IST
ED attaches Rs 101 cr bank balance in Speak Asia case
The Enforcement Directorate (ED) has attached over Rs 101 crore worth of bank balance in connection with its money laundering probe in the Speak Asia online marketing scam case.
Apr 08, 2015, 14:58 PM IST
2G case: A Raja says CBI failed to establish bribe charges against him
Former Telecom Minister A Raja, an accused in the spectrum scam, has claimed that the CBI has failed to establish charges of bribe taking or any wrong doing in the case against him.
Apr 07, 2015, 12:14 PM IST
2G scam: Court dismisses Vinod Goenka's pleas to go abroad
A special court on Wednesday dismissed the pleas of Swan Telecom promoter Vinod Goenka, facing trial in 2G spectrum and money laundering cases, to go abroad observing that such appeals put "unnecessary strain" on court's time and resources.
Apr 01, 2015, 20:13 PM IST
Black money bill proposes 10 years jail, 300% penalty
Giving concrete shape to Finance Minister Arun Jaitley`s budget announcement last month on recovering black money stashed away abroad, the cabinet-approved anti-black money law provides a short window to income tax assessees to declare assets, pay tax and penalty and avoid imprisonment.
Mar 18, 2015, 21:06 PM IST
