In a first, the Enforcement Directorate on Tuesday registered a money laundering case against ten people, including chief of banned militant outfit Hizbul Mujahideen Syed Salahuddin, for alleged cross-border funding of terror activities in the country.
A world anti-money laundering body has deleted all trace of an alert it issued last week warning that financial institutions had not done enough to police suspicious financial activity by officials at FIFA.
Enforcement Directorate has registered a money laundering case against former Congress leader Y S Jaganmohan Reddy, days after the Central Bureau of Investigation had searched various premises belonging to him.
A Mumbai court has denied bail to Purushottam Chavan, husband of IPS officer Rashmi Karandikar, in a Rs 24 crore cheating case, citing substantial evidence of his involvement in the crime.
The Enforcement Directorate (ED) has filed a chargesheet against the chairman of Al Falah University, alleging money laundering and the appointment of individuals with terror links without proper verification.
The Allahabad high court on Friday directed the Enforcement Directorate to investigate charges of money laundering against Rajya Sabha Member of Parliament Amar Singh, saying that the matter needed a thorough probe as it had "national ramifications". The court gave the direction while dismissing a petition filed by the former Samajwadi Party general secretary, who had challenged an FIR lodged in Kanpur nearly two years ago.
The Congress leader had said he was not aware of the case for which he has been asked to appear before the agency.
The ED case follows the police complaint for alleged criminal conspiracy and defrauding investors.
A provisional order under the Prevention of Money Laundering Act has been issued by the federal probe agency as part of which a total of 33 bank accounts of the two organisations have been attached.
The Delhi High Court has held that profits from cricket betting would constitute "proceeds of crime" under the anti-money laundering law.
Delhi Police has filed an FIR against Congress leaders Sonia Gandhi and Rahul Gandhi and others in the National Herald case based on a complaint by the ED, alleging money laundering and abuse of position for personal gains.
The government said action would be taken against ICICI Bank, HDFC Bank and Axis Bank on the basis of an RBI audit report which has detected certain "aberrations", a month after the private banks were accused of money laundering by an online news portal.
After cautioning Indian markets about possible money laundering and terror-funding risks from Iran and North Korea, market regulator Sebi has issued a warning for funds from eight more countries, including Turkey and Ethiopia.
Altaf Hussain, Pakistan's powerful Muttahida Qaumi Movement leader, was arrested on Tuesday in London on charges of money laundering.
The central probe agency had filed a money laundering case to probe the deal and is carrying out the action to collect evidence under the Prevention of Money Laundering Act (PMLA), officials said.
The Enforcement Directorate has registered a money laundering case against Karti Chidambaram, son of former finance minister P Chidambaram, and others, taking cognisance of a recent CBI FIR against them.
The BJP has criticized West Bengal Chief Minister Mamata Banerjee following Supreme Court observations regarding obstructions during ED raids at I-PAC premises, alleging abuse of power and shielding of those accused of corruption.
Daniel Wager, who helped investigate HSBC for the federal agency, joined the HSBC's anti-money laundering team last November as a senior vice-president.
Section 54 provides a tax-free method to convert unaccounted money into accounted money, says Harsh Roongta.
Gurugram police arrested three men, including an IIT student, for allegedly working with foreign-based cyber fraudsters, providing bank accounts and handling transactions for a commission.
The federal agency has filed its case under the criminal sections of the Prevention of Money Laundering Act (PMLA) taking cognisance of a recent first information report (FIR) registered by the Central Bureau of Investigation (CBI) in the same case, they said.
Charges were filed against against underground bitcoin exchanger Robert Faiella, 52, and chief executive officer and compliance officer of a bitcoin exchange company Charlie Shrem, 24.
Charitable trusts, whether temples, churches or mosques, NGOs, educational institutions or societies, if registered as non-profit organisations, will not only have to disclose the source of their funds, but also be scrutinised for large monetary transactions. The change has been done by an amendment to the Prevention of Money Laundering Act (PMLA) 2002, notified in the Official Gazette on November 12, to bring NPOs under the purview of the law.
The Enforcement Directorate has recently recorded the statement of former NSE managing director and chief executive officer Chitra Ramkrishna, lodged inside Delhi's Tihar jail, as part of a money laundering investigation against her and others, officials said Tuesday. The proceedings for recording the statement were conducted on two occasions inside the jail. The statement has been recorded under the criminal sections of the Prevention of Money Laundering Act (PMLA), they said. Ramkrishna is lodged in the Tihar jail after she was arrested by the Central Bureau of Investigation (CBI) on March 6 in the alleged National Stock Exchange (NSE) co-location scam case and investigation linked to other governance irregularities at the bourse.
A special Prevention of Money Laundering Act court on Wednesday issued a non-bailable warrant against Pankaj Bhujbal.
The Supreme Court of India on Wednesday upheld the validity of certain provisions of the Prevention of Money Laundering Act (PMLA) and said it is not mandatory to give an Enforcement Case Information Report (ECIR) in every case to the person concerned.
Actor and model Urvashi Rautela was questioned by the Enforcement Directorate (ED) in connection with a money laundering case linked to the online betting platform 1xbet. The investigation involves several celebrities and sportspersons who allegedly used endorsement fees to acquire assets.
The ED will probe if there were alleged irregularities in the formulation and execution of the Delhi Excise Policy unveiled in November last year.
The ED opposed the bail plea of the accused, saying they indulged in a "very serious" economic offence.
The Enforcement Directorate (ED) has approached the Calcutta High Court, seeking a CBI investigation into the role of West Bengal Chief Minister Mamata Banerjee, senior police officials and others for allegedly obstructing its raids in Kolkata against political consultancy firm I-PAC and its director in connection with an alleged coal scam.
Banks in India and some other Asia-Pacific countries should improve skills of their staff to curb money laundering activities as training programmes are relatively unsophisticated and laws outdated, global consultancy firm KPMG has said in a report.
The ED case has been booked under the Prevention of Money Laundering Act (PMLA) and the agency will record the statement of the accused. The central agency will investigate if proceeds of crime were generated by the accused by laundering of funds that were earned through the alleged gold smuggling racket.
The Enforcement Directorate has arrested a manager of a Kotak Bank branch in New Delhi in connection with its money laundering probe in a criminal case of detection of nine alleged fake accounts with deposits worth Rs 34 crore post demonetisation.
In its report, 'Asset Recovery Guidance and Best Practices', the global money laundering and terrorist financing watchdog, shared multiple examples from cases investigated by the ED, citing them as models of effective asset recovery practice and inter-agency coordination.
Membership to help domestic banks access developed markets.
The Enforcement Directorate in October last year had filed the complaint against Raju and 212 others, including 166 companies, before the XXI Additional Chief Metropolitan Magistrate Court cum Special Sessions Judge here for allegedly laundering funds under a 'corporate veil' to perpetrate the accounting scam that rocked the business world in 2009.
The Delhi High Court has granted the Enforcement Directorate a final opportunity to argue against the bail granted to Arvind Kejriwal in the excise policy-linked money laundering case, following objections from Kejriwal's counsel regarding repeated adjournments.
The 61-year-old flamboyant businessman, already out on bail on an extradition warrant executed by the Metropolitan Police earlier this year, was released on the same bail conditions as before to appear for his trial on December 4.
A money laundering case has been registered against Vectra chief Ravinder Rishi and his firms by the Enforcement Directorate to probe alleged generation of illegal funds in the defence deal between Tatra Sipox United Kingdom and defence public sector undertaking Bharat Earth Movers Limited.
The Enforcement Directorate (ED) has filed a money-laundering case against renowned cardiologist Dr Naresh Trehan and others in connection with allotment of land for the Medanta Hospital in Gurgaon, officials said on Wednesday.
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