Money Laundering
Trade Based Money Laundering in India
The money laundering scandal in the Bank of Baroda shocked the banking system in India. Trade-based money laundering technique was used in which pecuniary...
Money Laundering
Dhanlaxmi Bank fined for AML non compliance
The Reserve Bank of India has imposed a monetary penalty of Rs 10 million on Dhanlaxmi Bank Ltd for violation of its instructions, among...
Money Laundering
Locker Business involved in Money Laundering
Though, not a popular method, locker businesses could be a great tool to launder cash. It could be one of the mechanism of Placing...
Money Laundering
Tool for identification of Heightened Risk Entities in India
Biznexxus, which compiles the data of the heightened risk entities and individuals in India has partnered with Indiaforensic to host the corporate intelligence report...
Money Laundering
SIT recommendations to curb laundering
The Supreme Court-appointed SIT on black money has come out with a slew of recommendations to curb money laundering, including misuse of exemption on...
Money Laundering
End capital gains to curb money laundering
Long term capital gains are paid when an Individuals makes profit on sale of long term asset. The tax rates for long term capital...
Money Laundering
Money Laundering in Antrix-Devas deal
The deal between Antrix and Devas was fixed in principle in January, 2005, for lease of S-Band transponders.However, the then Executive Director of Antrix...
Money Laundering
Critical Analysis of the Prevention of Money Laundering Act
The Prevention of Money Laundering Act (PMLA) 2002 is a vital piece of legislation passed in India to combat the scourge of money laundering....