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KYC, money laundering norms violation: RBI slaps Rs 1.5 cr fine each on three public banks

Apr 30, 2015

KYC, money laundering norms violation: RBI slaps Rs 1.5 cr fine each on three public banks

The RBI has has cautioned eight other banks to put in place appropriate measures and review them from time to time to ensure strict compliance of KYC #RBI #Money laundering #public sector banks #KYC #Penalty
Black money probe: Lone member of PMLA body quits

Apr 27, 2015

Black money probe: Lone member of PMLA body quits

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. #Black money #NewsTracker #Mukesh Kumar #Prevention of Money Laundering Act #Adjudicating Authority
UN conference endorses India's suggestions on global fight against black money

Apr 13, 2015

UN conference endorses India's suggestions on global fight against black money

A UN conference in Doha on Sunday endorsed India's suggestions on promoting global cooperation in fighting the menace of black money. #World #India #Black money #United Nations #NewsTracker #Money laundering #UN #Doha #DV Sadananda Gowda #PM Narendra Modi #UN conference
CBI court to record Raja, Kanimozhi statements in 2G money laundering case

Mar 15, 2015

CBI court to record Raja, Kanimozhi statements in 2G money laundering case

A special CBI court in New Delhi is likely to commence on Monday the recording of statements of accused, including former Telecom Minister A Raja, DMK MP Kanimozhi and 17 others, in a 2G scam-related money laundering case. #2G scam #A Raja #CBI #Money laundering #DMK MP Kanimozhi
Budget 2015: Draconian black money law won't work without one-time amnesty

Mar 02, 2015

Budget 2015: Draconian black money law won't work without one-time amnesty

The budget proposes tough - even draconian - laws to go after black money holders. But it may achieve little without also offering a one-time amnesty scheme so that the taxman can say "you were given a chance to come clean" #Arun Jaitley #Anti-money laundering #Black Money Amnesty Scheme #budget 2015 #Union Budget 2015 #Budget2015 #Illegal Wealth in Swiss Banks

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What security? Costs of KYC outweigh the benefits

May 17, 2012

What security? Costs of KYC outweigh the benefits

We in India have given up even an attempt at protecting civil liberties from an encroaching state that wants to know a lot about us. #Money laundering #KYC #Security #Open wifi networks