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Category : Money laundering
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Govt. brings transactions by CA, CS and CMAs for Clients under PMLA Act
Posted Date : 04-May-2023 , 12:07:19 pm | Posted By CASANSAAR
Government notifies that following transactions done by CA, CS & CMA on behalf of their client will be covered under Prevention of Money-laundering Act, 2002.
S.O. 2036(E).In exercise of the powers conferred by sub-clause (vi) of clause (sa) of sub-section (1) of section 2 of the Prevention o...
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Money laundering |
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PMC Bank Board Members, HDIL Promoters charged with Money-Laundering
Posted Date : 04-Oct-2019 , 11:22:00 am | Posted By CASANSAAR
The former board members of Punjab Maharashtra Co-operative (PMC) Bank and the promoters of crisis-hit real estate firm HDIL have been charged with money-laundering by the Enforcement Directorate in the Rs. 6,500 crore loan default case.
The agency is conducting searches at six places in Mumbai a...
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Money laundering |
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300,000 companies under the tax scanner for money laundering
Posted Date : 29-Mar-2019 , 07:13:52 am | Posted By CASANSAAR
The CBDT has issued directions to Income Tax offices across the country to probe financial transactions of about three lakh firms, de-registered by the government for their dubious financial credentials, for tax evasion and money laundering, especially during demonetisation.
The board has a...
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Money laundering |
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884 companies under scanner in money laundering cases - Govt
Posted Date : 08-Feb-2018 , 09:18:31 am | Posted By CASANSAAR
As many as 884 companies are under the scanner in various money laundering cases and assets worth Rs 5,000 crore have been attached following probes initiated as per the PMLA, Union Minister P P Chaudhary said.
However, he said that not a single company has been deregistered on the charges of mon...
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Money laundering |
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Money laundering: RBI to share banks' inspection report
Posted Date : 06-Jan-2016 , 06:41:15 am | Posted By CASANSAAR
Bowing to pressure, the Reserve Bank of India has agreed to share relevant extracts of its banks' inspection reports with a central economic intelligence wing to help it check money laundering and violations of other banking laws.
The central bank is expected to soon sign a Memora...
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Money laundering |
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Money laundering scam: ICICI, OBC, Axis Bank in ED's net
Posted Date : 15-Oct-2015 , 10:28:01 pm | Posted By CASANSAAR
The Enforcement Directorate has unearthed one more forex scam. This time it involves a total of 7 banks including Oriental Bank of Commerce , Axis Bank , ICICI , IndusInd , Kotak Mahindra , DCB , Dhanalaxmi Bank and YES Bank .
The ED has arrested one Manish Jain under the P...
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Money laundering |
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Proposal to move Official Amendments to the Prevention of Corruption (Amendment) Bill, 2013
Posted Date : 30-Apr-2015 , 07:58:40 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval to amend the Prevention of Corruption Act, 1988 by pursuing the Prevention of Corruption (Amendment) Bill, 2013, pending before the Rajya Sabha by moving official amendments.
The proposed amendments...
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Money laundering |
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Money laundering case filed against ex-Syndicate bank CMD
Posted Date : 03-Apr-2015 , 05:29:10 pm | Posted By CASANSAAR
The Enforcement Directorate (ED) has registered a money laundering case against the former CMD of Syndicate Bank SK Jain and others who were last year arrested by CBI in a bribery and corruption case.
Sources said the agency slapped charges under the Prevention of Money Launderin...
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Money laundering |
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Over 480 banks under RBI lens in Money laundering
Posted Date : 10-Mar-2015 , 08:16:41 am | Posted By CASANSAAR
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.The central bank has been taking strict action like imposition of penalty and denial of branch expansion against the erring...
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Money laundering |
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