Diamond trade under lens for suspected terror financing
Trading of diamonds especially with a gulf country has come under the lens of intelligence agencies here for suspected terror financing and money laundering.
Mar 17, 2015, 18:36 PM IST
RBI to NBFCs: Appoint officials for ensuring PMLA compliance
The RBI Monday asked NBFCs to appoint a senior person for ensuring compliance with the obligations under the prevention of money laundering regulations.
Mar 16, 2015, 20:58 PM IST
Money laundering: Over 480 urban cooperative banks under RBI lens
Over 480 urban cooperative banks across the country have come under the scanner of the Reserve Bank of India (RBI) for alleged violation of anti-money laundering laws.
Mar 09, 2015, 16:38 PM IST
2G PMLA case: Raja, Kanimozhi & others to answer 400 questions
Former Telecom Minister A Raja, DMK MP Kanimozhi and 17 others, facing trial in a 2G scam-related money laundering case, will have to answer a questionnaire containing 400 queries during recording of their statements in the matter before a special court.
Mar 04, 2015, 21:32 PM IST
RBI refuses to share inspection reports with intelligence agencies
The Reserve Bank of India (RBI) has refused to share its banks' inspection reports on alleged money laundering laws and other violations with Central Economic Intelligence Bureau (CEIB), citing legal hurdles.
Mar 03, 2015, 14:35 PM IST
Govt won't deviate from path of unearthing black money: PM Modi
Prime Minister Narendra Modi Friday said his government would not deviate from the path of unearthing black money stashed abroad and "no one would be spared" in this regard.
Feb 27, 2015, 22:24 PM IST
Black money: RBI closely watching probe against HSBC
The Reserve Bank Thursday said it is keeping a close watch on global banking major HSBC, which is facing multi-nation probe including by Indian tax authorities for alleged tax evasion and money laundering at its Swiss units.
Feb 26, 2015, 17:21 PM IST
Britain distances itself from HSBC scandal
The UK on Friday distanced itself from the scandal involving HSBC, two days after Swiss police raided the global banking giant's offices in Geneva as part of its probe into "suspected money laundering" that involves 1,195 Indians.
Feb 20, 2015, 21:10 PM IST
Black Money: Swiss police search HSBC offices; bank faces laundering probe
Geneva`s public prosecutor searched the premises of HSBC Holdings PLC in Geneva on Wednesday and said it had opened a criminal inquiry into allegations of aggravated money laundering.
Feb 18, 2015, 15:00 PM IST
Black money in stock markets: Sebi to suspend shell companies
Cracking its whip on entities using stock markets for evading taxes and laundering black money, watchdog Sebi has decided to suspend trading in listed companies that are found to be used by such manipulators.
Feb 08, 2015, 15:06 PM IST
Second French suspect charged over Luxleaks tax probe
A second French suspect was charged Friday with theft and money-laundering in ongoing investigations into the leaking of secret tax avoidance deals between Luxembourg and multinational companies, a scandal dubbed Luxleaks.
Jan 24, 2015, 02:28 AM IST
Govt mulling to broaden ambit of Predicate Offences: SIT to SC
Government is mulling to broaden the definition of "Predicate Offences" on the lines of nations like Australia, Cananda and the US to bring the offence of tax evasion under its ambit, the Supreme Court has been informed.
Jan 23, 2015, 19:34 PM IST
Coal scam case: ED registers 17 new money laundering FIRs
The ED had already filed 16 PMLA FIRs in this probe.
Jan 09, 2015, 15:14 PM IST
2G PMLA case: Court allows ED to drop Karunanidhi's daughter Selvi as a witness
Selvi was among the 30 persons named by the ED as prosecution witnesses in the case in which the court had framed charges against A Raja, Kanimozhi, Dayalu Ammal and 16 others.
Jan 06, 2015, 19:06 PM IST
Money laundering, terror finance in focus at Dubai conference
The aim of the conference, organised here by the Foreign Exchange and Remittance Group (FERG) last week, was to discuss new and sophisticated Anti Money Laundering (AML) measures, set out best practices to combat frauds and highlight new risks and fraudulent methods being discovered in the industry.
Dec 22, 2014, 14:12 PM IST
Sebi bars 260 entities; suspects money laundering, tax evasion
The action comes at a time when the government has sharpened its focus on unearthing black money stashed abroad and within the country.
Dec 19, 2014, 22:36 PM IST
Coal scam: ED set to register 17 new money laundering FIRs
The agency has also seized assets worth nearly Rs 200 crore as part of these investigations till now.
Dec 10, 2014, 14:46 PM IST
Money laundering: SEBI bars Moryo, 90 others from capital markets
Suspecting money laundering and tax evasion, SEBI Thursday barred Moryo Industries and 90 other connected entities including the company's promoters and directors from dealing in securities, till further directions.
Dec 04, 2014, 21:14 PM IST
Govt forms panel to check trade-based money laundering
To curb the menace of illicit fund flows, the government has set up a high level panel that will look into trade-based money laundering activities which particularly involve manipulation of invoices.
Dec 04, 2014, 14:37 PM IST
ED attaches 2,631 bank accounts of Rose Valley
In the biggest such criminal action against Ponzi schemes, Enforcement Directorate (ED) on Thursday attached 2,631 bank accounts of the Rose Valley group containing Rs 295 crore under the stringent provisions of the anti-money laundering law.
Nov 27, 2014, 19:28 PM IST
