Latest News on Anti Money Laundering
Showing of 0 - 10 from 21 results
Anti Money Laundering - Total results - 21
Apr 24, 2019
Sebi slaps Rs 30 lakh fine on Geojit Financial Services for violations of stock broker norms, non-settlement of clients' accountsSebi said Geojit Financial Services had not settled accounts of its inactive clients in seven quarters during the inspection period—FY2013-14 and 2014-15.
Jan 29, 2019
Stolen cryptocurrencies in 2018 surged to around $1.7 billion in 2018: Report$950 million constituted thefts from cryptocurrency exchanges, infrastructure services like wallets.
Jul 12, 2018
Indo-Swiss pact on hidden wealth: Why it isn't helping in India's fight against black moneyBlack money is known as illicit financial flows (IFFs) internationally, which are defined as a cross-border movement of funds that have been illegally or unethically earned, transferred or utilised
Apr 20, 2018
Banks received alarming amount of fake currency post demonetisation; detected 480% jump in suspicious transactionsBanks received a record amount of fake currency and detected an over 480 percent surge in suspicious transactions post demonetisation.
Aug 17, 2017
Australia announces bill to strengthen money laundering rules, including bitcoinThe digital currency exchange sector, which includes bitcoin, will be regulated for the first time in Australia.
Jul 14, 2017
IDBI Bank loan case: Vijay Mallya laundered over Rs 1,300 cr through 13 shell cos, says EDThe ED said its "money trail analysis revealed that out of the total loan of Rs 860.92 crore, sanctioned and disbursed by IDBI, Rs 423 crore has been remitted out of India.
Jul 27, 2016
Canara Bank gets shareholders approval to raise up to Rs 2,000 crThe issue proceeds will enable the bank to strengthen its capital adequacy requirements as specified by RBI
Nov 05, 2015
RBI imposes Rs 1 cr penalty on Dhanlaxmi Bank for violating KYC, AML normsRBI further said that "this action" is based on deficiencies in regulatory compliance and is "not intended" to pronounce upon the validity of any transaction or agreement entered into by the bank and its customers.
Jul 08, 2015
Black money probe: ED attaches Rs 166 crore stashed in Singapore bank accountEnforcement Directorate (ED) has successfully attached around Rs 166 crore kept in a Singapore bank in connection with the City Limousine case.
Mar 02, 2015
Budget 2015: Draconian black money law won't work without one-time amnestyThe 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"