Articles for Laundering Activities

Navigating Intersection Of Anti-Money Laundering And Recovery Laws: The Imperative For Collaboration And Cooperation
2 weeks, 1 day ago

Navigating Intersection Of Anti-Money Laundering And Recovery Laws: The Imperative For Collaboration And Cooperation

Live Law  

The legislative efforts to combat money laundering activities in the country and the legislative measures to deal with the recovery of nonperforming assets in the Banking sector without the intervention of courts of law coincided in the same year with the passage of two special Acts in the year 2002. An Act to regulate securitisation and reconstruction of financial assets …

Properties Recovery Money Laundering Money Enforcement Financial Institutions Bank
Three top brokers face multiple probes including for money laundering
1 year, 7 months ago

Three top brokers face multiple probes including for money laundering

Live Mint  

Three top brokers of the country have come under the scanner of multiple regulatory and enforcement agencies, including for suspected money laundering and fraudulent trading activities amounting to several thousands of crores of rupees, senior officials said on Sunday. The investigations have been underway for 4-5 years on multiple fronts against the three top brokers, who head organisations with businesses …

Financial Money Laundering Money Brokers Laundering Activities Three Top Brokers
Cryptos Under PMLA: A Move To Go A Long Way Towards Empowering Legitimate Businesses
1 year, 8 months ago

Cryptos Under PMLA: A Move To Go A Long Way Towards Empowering Legitimate Businesses

News 18  

Earlier this month, the finance ministry notified that certain activities relating to virtual digital assets, including cryptocurrencies, will be brought under the ambit of the Prevention of Money Laundering Act, 2002. Now, service providers in this space, specifically VDA exchanges and wallet operators, need to conduct due diligence activities, including reporting suspicious transactions/ activities related to the sale or purchase …

India Money Laundering Money Act Laundering Pmla Vda
ED grills Talasani’s relatives in casino money laundering probe
2 years, 1 month ago

ED grills Talasani’s relatives in casino money laundering probe

Deccan Chronicle  

HYDERABAD: The Enforcement Directorate on Wednesday questioned relatives of Telangana state minister Talasani Srinivas Yadav at its Basheerbagh office in connection with a casino money laundering case. It has been alleged that the casino organiser, Chikoti Praveen Kumar, used several actors and celebrities to endorse casino activities, which were allegedly a front for hawala transactions. The ED had raided the …

Casino Hawala Transactions