Enforcement agencies have highlighted risks related to money laundering and terror financing, prompting closer scrutiny of crypto platforms operating in India.
Former ICICI Bank CEO and MD Chanda Kochhar was granted bail by a special PMLA court in Mumbai on Friday in connection with the ICICI Bank-Videocon money laundering case. The special court for Prevention of Money Laundering Act (PMLA) had on January 30 summoned Chanda Kochhar, her husband Deepak Kochhar, Videocon Group promoter Venugopal Dhoot and other accused in the case after taking cognisance of the Enforcement Directorate's (ED) charge sheet.
The Enforcement Directorate on Monday questioned Yes Bank co-founder Rana Kapoor as part of a money laundering investigation against Reliance Anil Ambani group companies, officials said.
Indian Banks' Association Chairman H N Sinor said AML regime was in the first stage of implementation in India and it would take time for processes to settle down.
Switzerland may tighten its anti-money laundering laws after a report by a government-appointed group found the country was still subject to financial crime.
The bench said most of the allegations in the corruption case registered by the CBI against Sisodia were "hearsay", based on the statements made by approvers and would not pass scrutiny before the trial court without any concrete material.
Sources said the actor will be questioned about some more issues related to Chandrashekhar.
The Enforcement Directorate on Tuesday arrested former NSE CEO and MD Ravi Narain in a money laundering case, officials said. His role is being investigated by the federal probe agency as part of two criminal cases linked to the bourse - the alleged co-location 'scam' case and the purported illegal phone tapping of employees. Narain is understood to have been arrested in the tapping case under the criminal sections of the Prevention of Money Laundering Act (PMLA).
Wankhede, a 2008-batch Indian Revenue Service (IRS) officer of the Customs and Indirect Taxes cadre, has moved the Bombay High Court seeking protection from any coercive action by the anti-money laundering agency.
The Enforcement Directorate on October 18 issued provisional attachment order of the company's fixed deposits worth Rs 822 crore (Rs 8.22 billion) in a money laundering case related to the previous management.
The ED has accused Congress leaders Sonia Gandhi and Rahul Gandhi, as well as late party leaders Motilal Vora and Oscar Fernandes, along with Suman Dubey, Sam Pitroda, and a private company, Young Indian, of conspiracy and money laundering.
Under the new rules, users must take a "live selfie" using software that verifies their presence, typically through eye-blinking or head movement. The measure helps prevent the use of static photos or deepfakes.
The case dates back to January, 2007 when the man was arrested with an AK series assault rifle, 200 bullets, five hand grenades and a satellite phone by the Karnataka Police.
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.
Former Surendranagar collector Rajendrakumar Patel is accused of fixing bribe rates for approving change of land use applications, according to the Enforcement Directorate.
The agency has questioned the trial court's findings and sought appellate review, arguing that the refusal to proceed has caused serious prejudice to the investigation and prosecution.
The Supreme Court on Monday agreed to list a plea seeking review of its order upholding the Enforcement Directorate's powers related to arrest, attachment of property involved in money laundering, search and seizure under the Prevention of Money Laundering Act.
Report by March 31; banks' gold coin sales, wealth management biz also under scanner.
The Enforcement Directorate on Thursday said it has frozen assets worth Rs 143 crore of prominent Kerala-based NBFC Manappuram Finance Ltd's MD and CEO V P Nandakumar after it conducted raids as part of a money laundering investigation. A total of six premises in Thrissur, where the company is headquartered, were covered during the searches that were launched on Wednesday. The case pertains to allegations of money laundering through "illegal" collection of deposits from the public, the agency said in a statement.
The Enforcement Directorate (ED) has attached the land and building of Haryana-based Al Falah University, worth about Rs 140 crore, that came under the radar of the security agencies following the November 10 Red Fort area blast, and filed a charge sheet against Al Falah Group chairman Jawad Ahmed Siddiqui and his charitable trust.
Claims that bank's procedures to implement KYC and anti-money laundering regulations have been found to be satisfactory.
The Reserve Bank is collecting information regarding the alleged acts of money laundering by the country's three largest private sector banks, its Deputy Governor Urjit Patel said.
Bank has apologised and vowed it has recently overhauled its anti-money-laundering efforts.
The complaint against CM's son Vaibhav Gehlot and a man described as the younger Gehlot's business associate seeks action under the Prevention of Money Laundering Act.
The many ways in which the fast-expanding bank got it wrong on money laundering.
Dealers with turnover of Rs 2 crore and above covered; industry says threshold too low
Committed to the full implementation of international standards to combat money laundering and terror financing, India on Tuesday said it was making suitable amendments to converge the country's existing laws with the recommendations of the global Financial Action Task Force.
The Enforcement Directorate had filed the money laundering case after taking cognisance of a Central Bureau of Investigation FIR and chargesheet.
Gokhale was taken into custody under criminal sections of the Prevention of Money Laundering Act in Ahmedabad where he is lodged in judicial custody in a Gujarat police case.
A 64-year-old man from Thane was allegedly defrauded of 1.56 crore by cybercriminals using a 'digital arrest' scam, involving forged documents and constant surveillance.
The ED had on December 23 filed its final report against Bharti and her husband Shailesh Kumar through advocate Nitesh Rana.
The ED's move comes after registration of a new case and raids conducted by it on February 15 in Mumbai in connection with the operations of the underworld, linked alleged illegal property deals and hawala transactions.
India, which has witnessed numerous terror attacks and still remains a potential target for such strikes, faces significant money laundering and terrorist financing risk, the IMF has warned.
Suspicions have swirled for years that many of Sahara's millions of investors are fictitious names
The Enforcement Directorate 'simply inverted the template' of Prevention of Money Laundering Act (PMLA) by registering a first information report (FIR) in 2021, a Delhi court on Tuesday said while refusing to take cognisance of the ED's money laundering charge against Congress leaders Sonia Gandhi and Rahul Gandhi in the National Herald case.
A special court in Mumbai has issued notices to Nirav Modi's brothers, Neeshal and Nehal Modi, asking them to explain why they should not be declared fugitive economic offenders in the Punjab National Bank scam.
The syndicate used "stooge" bank accounts and shell companies to transfer the largest amount linked to a single case recorded in the city, the Customs and Excise Department of Hong Kong said.
The Lahore special court (central-I) declared Suleman and Tahir Naqvi proclaimed offenders after they failed to appear despite being summoned, the Dawn newspaper reported.
A special court in Mumbai has issued notices to Nirav Modi's brothers, Neeshal and Nehal, asking them to explain why they should not be declared fugitive economic offenders in connection with the Punjab National Bank scam.
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