The Financial Action Task Force plenary has finalised the modifications to its assessment methodology to reflect the recent revisions to its standards for the protection of non-profit organisations from potential abuse for terrorist financing. “The FATF has now agreed on changes to its assessment methodology for the next round of mutual evaluations, which clarify the existing obligations to apply risk-based …
On March 29, 2023, Lok Sabha passed the Competition Bill, 2023. In 2017, the Supreme Court in Excel Crop Care put fetters on this powers of CCI by observing that the correct way of calculating the turnover to impose penalty would be ‘relevant turnover’ i.e., turnover of the tainted products or the products for which the parties indulged in anti-competitive …
