Anti-money Laundering
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0.1% Conviction In Corruption Cases Filed By Probe Agency ED Since January
Only eight or 0.1 per cent of 5,892 cases filed by the Enforcement Directorate (ED) under the anti-money laundering law between January 1 and June 30 have led to convictions, the government told the parliament.
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Assets Worth Rs 9.56 Crore Returned To Official Liquidator In Bank Fraud Case
In a major breakthrough in its anti-money laundering efforts, the Enforcement Directorate, Kolkata Zonal Office, has successfully restituted immovable and movable properties worth Rs 9.56 crore to the Official Liquidator of Kaushik Glob
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Probe Agency ED Attaches Yacht, Assets Worth Rs 131 Crore In Forex Case
A yacht, a boat, two houses and some other assets located in Spain and worth more than Rs 131 crore have been attached under the anti-money laundering law in a case against a "fraud" forex-trading platform.
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"Warned Against Misuse": Sharad Pawar On Change In Anti-Money Laundering Law
Veteran politician Sharad Pawar said today that he had warned former Prime Minister Manmohan Singh and his UPA government about the amendments in the PMLA, and the possibilities of their abuse under a different government.
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Anti-Money Laundering Law Misused Like Dowry Law: Supreme Court
The PMLA (Prevention of Money Laundering Act) is being used repeatedly to keep people in jail, the Supreme Court said today. A bench pulling up the Enforcement Directorate, said the law is being misused like the dowry law.
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Taiwan Aligns with India, Japan on AML Regulations for Crypto Businesses, Accelerates Registration Deadline
This week, Taiwan's Financial Supervisory Commission (FSC) announced that all cryptocurrency firms, whether already operating in the country or planning to establish operations, must register for anti-money laundering (AML) compliance. The FSC has advanced the registration deadline from January 1, 2025, to November 30, 2024, urging firms to expedit...
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Probe Agency Attaches Land Worth Rs 335 Crore In Unitech Money Laundering Case
Fresh assets worth Rs 335 crore of the Unitech Group and a linked company have been attached under the anti-money laundering law, the Enforcement Directorate said Tuesday.
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Sick Can Get Bail Under Stringent Anti-Money Laundering Law: Chief Justice
The maxim that bail is norm and jail exception and even stringent laws have a humane face, was reinforced again today by Chief Justice of India DY Chandrachud, who allowed bail for an ailing man arrested under the rigorous anti-money laundering law.
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Probe Agency Attaches Fresh Assets Of Fugitive Nirav Modi Worth Rs 29.75 Crore
The Enforcement Directorate on Wednesday said it has attached fresh assets worth Rs 29.75 crore of fugitive diamond trader Nirav Modi under the anti-money laundering law.
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Money Laundering Charges Against Trinamool's Saket Gokhale: Probe Agency
A special PMLA court in Ahmedabad has framed criminal charges, under the anti-money laundering law, against TMC's Rajya Sabha MP Saket Gokhale on Tuesday, the Enforcement Directorate said.
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Probe Agency ED Arrests Delhi Man In Cyber Fraud Case With US Woman
The Enforcement Directorate has arrested a Delhi-based man under the anti-money laundering law in a case linked to an alleged cyber fraud with a woman from the US, official sources said Tuesday.
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5 People From Jharkhand's Jamtara Convicted For Money Laundering
A special PMLA court in Ranchi on Saturday convicted five Jamtara residents under the anti-money laundering law for running an "organised" cyber crime syndicate, official sources said.
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Enforcement Directorate Can't Arrest People As Per Whims And Fancies: Supreme Court
The Supreme Court said on Friday that the power to arrest under the anti-money laundering law cannot be exercised according to the whims and fancies of the Enforcement Directorate officer.
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Anti-Terror Watchdog Praises India's Efforts In Combating Money Laundering
The Financial Action Task Force (FATF) on Friday adopted the mutual evaluation report of India's anti-money laundering and countering the financing of terrorism regime, a move the government termed a "significant milestone".
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Binance Fined $2.25 Million in India for Breaching Anti-Money Laundering Regulations, Exchange Vouches Cooperation
India has claimed that Binance, touted as the largest in the world, was not adhering to the Prevention of Money Laundering Act, 2002 (PMLA). Binance was supposedly given a written as well as a verbal submission about FIU’s concerns. The FIU has said that the charges regarding Binance having violated India’s legal requirements to operate its bus...
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0.1% Conviction In Corruption Cases Filed By Probe Agency ED Since January
Only eight or 0.1 per cent of 5,892 cases filed by the Enforcement Directorate (ED) under the anti-money laundering law between January 1 and June 30 have led to convictions, the government told the parliament.
-
Assets Worth Rs 9.56 Crore Returned To Official Liquidator In Bank Fraud Case
In a major breakthrough in its anti-money laundering efforts, the Enforcement Directorate, Kolkata Zonal Office, has successfully restituted immovable and movable properties worth Rs 9.56 crore to the Official Liquidator of Kaushik Glob
-
Probe Agency ED Attaches Yacht, Assets Worth Rs 131 Crore In Forex Case
A yacht, a boat, two houses and some other assets located in Spain and worth more than Rs 131 crore have been attached under the anti-money laundering law in a case against a "fraud" forex-trading platform.
-
"Warned Against Misuse": Sharad Pawar On Change In Anti-Money Laundering Law
Veteran politician Sharad Pawar said today that he had warned former Prime Minister Manmohan Singh and his UPA government about the amendments in the PMLA, and the possibilities of their abuse under a different government.
-
Anti-Money Laundering Law Misused Like Dowry Law: Supreme Court
The PMLA (Prevention of Money Laundering Act) is being used repeatedly to keep people in jail, the Supreme Court said today. A bench pulling up the Enforcement Directorate, said the law is being misused like the dowry law.
-
Taiwan Aligns with India, Japan on AML Regulations for Crypto Businesses, Accelerates Registration Deadline
This week, Taiwan's Financial Supervisory Commission (FSC) announced that all cryptocurrency firms, whether already operating in the country or planning to establish operations, must register for anti-money laundering (AML) compliance. The FSC has advanced the registration deadline from January 1, 2025, to November 30, 2024, urging firms to expedit...
-
Probe Agency Attaches Land Worth Rs 335 Crore In Unitech Money Laundering Case
Fresh assets worth Rs 335 crore of the Unitech Group and a linked company have been attached under the anti-money laundering law, the Enforcement Directorate said Tuesday.
-
Sick Can Get Bail Under Stringent Anti-Money Laundering Law: Chief Justice
The maxim that bail is norm and jail exception and even stringent laws have a humane face, was reinforced again today by Chief Justice of India DY Chandrachud, who allowed bail for an ailing man arrested under the rigorous anti-money laundering law.
-
Probe Agency Attaches Fresh Assets Of Fugitive Nirav Modi Worth Rs 29.75 Crore
The Enforcement Directorate on Wednesday said it has attached fresh assets worth Rs 29.75 crore of fugitive diamond trader Nirav Modi under the anti-money laundering law.
-
Money Laundering Charges Against Trinamool's Saket Gokhale: Probe Agency
A special PMLA court in Ahmedabad has framed criminal charges, under the anti-money laundering law, against TMC's Rajya Sabha MP Saket Gokhale on Tuesday, the Enforcement Directorate said.
-
Probe Agency ED Arrests Delhi Man In Cyber Fraud Case With US Woman
The Enforcement Directorate has arrested a Delhi-based man under the anti-money laundering law in a case linked to an alleged cyber fraud with a woman from the US, official sources said Tuesday.
-
5 People From Jharkhand's Jamtara Convicted For Money Laundering
A special PMLA court in Ranchi on Saturday convicted five Jamtara residents under the anti-money laundering law for running an "organised" cyber crime syndicate, official sources said.
-
Enforcement Directorate Can't Arrest People As Per Whims And Fancies: Supreme Court
The Supreme Court said on Friday that the power to arrest under the anti-money laundering law cannot be exercised according to the whims and fancies of the Enforcement Directorate officer.
-
Anti-Terror Watchdog Praises India's Efforts In Combating Money Laundering
The Financial Action Task Force (FATF) on Friday adopted the mutual evaluation report of India's anti-money laundering and countering the financing of terrorism regime, a move the government termed a "significant milestone".
-
Binance Fined $2.25 Million in India for Breaching Anti-Money Laundering Regulations, Exchange Vouches Cooperation
India has claimed that Binance, touted as the largest in the world, was not adhering to the Prevention of Money Laundering Act, 2002 (PMLA). Binance was supposedly given a written as well as a verbal submission about FIU’s concerns. The FIU has said that the charges regarding Binance having violated India’s legal requirements to operate its bus...
