Page 25 - Money Laundering

ED arrests ex-BSF commandant under money laundering law in cattle smuggling

Kumar is a former commanding officer of the 36th Border Security Force battalion (BSF) that is deployed to guard the front between the two neighbouring countries

Jahangirpuri violence: ED registers money laundering case against accused

An Enforcement Case Information Report (ECIR), the ED's equivalent of a police FIR, has been filed by the federal agency under the criminal sections of the Prevention of Money Laundering Act

Nawab Malik money laundering case: ED submits 5,000-page chargesheet

Malik (62), a senior Nationalist Congress Party (NCP) leader, was arrested by the ED on February 23 in the case, and is currently in jail under judicial custody

Major risks of crypto - money laundering and terror financing: Sitharaman

The Union Minister reached Washington today on an official visit to attend the Spring Meetings at the World Bank, the G20 Finance Ministers meeting and the Central Bank Governor Meeting (FMCBG)

ED attaches Amway India assets worth Rs 758 cr in money-laundering probe

ED has accused the firm of running a pyramid fraud in the guise of direct selling multi-level marketing network

Govt plans regulator for skill gaming industry to curb money laundering

The government is also reviewing the extant legal framework for the online skill gaming industry

Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon

Business Standard brings you the top headlines this morning

French prosecutors to investigate McKinsey's alleged tax fraud

A report by the French Senate issued last month said McKinsey had not paid corporate profit taxes in the country since at least 2011

ED attaches Shiv Sena MP Sanjay Raut's linked assets for money laundering

The ED has attached eight land parcels in Alibaug and a flat in Mumbai's Dadar suburb linked to Shiv Sena MP Sanjay Raut and his family under the anti-money laundering law, officials said on Tuesday.

Maharashtra minister Nawab Malik's jail custody extended till April 18

The NCP leader was in ED's custody till March 7 and was later sent to jail under judicial custody till March 21 which was later extended till April 4

Corruption: Needed thanedar, not chowkidar

PM Modi promised to act as chowkidar to reduce corruption, and bring in "good governance". Is the slogan working? Not quite

ED attaches assets of firm owned by brother-in-law of Maharashtra CM

Shridhar Madhav Patankar, the brother of Thackeray's wife Rashmi, "owns and controls" Shree Saibaba Grihanirmiti Private Limited: ED

Money-laundering case: Nawab Malik's judicial remand extended till April 4

Malik had moved the Bombay HC last week to quash the ED case and set aside a Special PMLA Court ruling sending him to custody in the case dating back to over 20 years, but his plea was rejected

Former Apple employee charged with defrauding tech giant $10 mn

A former Apple employee has been charged with defrauding the tech giant out of more than USD 10 million by taking kickbacks, stealing equipment and laundering money, federal prosecutors said

Nawab Malik's son Faraz skips ED summons for second time

The Enforcement Directorate (ED) had on Tuesday summoned Maharashtra Minister Nawab Malik's son Faraz Malik for questioning in connection with Dawood Ibrahim money laundering case

High Court denies interim relief to Nawab Malik in money laundering case

The Bombay High Court on Tuesday denied any interim relief to Maharashtra cabinet minister and NCP leader Nawab Malik in a money laundering case.

Tencent dives 10% on report of record fine for money laundering

Tencent itself has thus far mostly escaped formal regulatory action

ED investigating 7 cases of cryptocurrency usage in money laundering

The Enforcement Directorate is investigating 7 cases in which cryptocurrency has been used for money laundering and has so far attached proceeds of crime worth Rs 135 crore, Parliament was informed

Indian-American among 2 indicted in US for role in crypto money laundering

Two persons, including an Indian-American, have been indicted by a US court for their roles in a cryptocurrency money laundering scheme, the Department of Justice said. Lois Boyd, and Manik Mehtani -- both from Virginia -- face up to 20 years in federal prison. According to the indictment, Boyd and Mehtani are alleged to have conspired with others to receive victim money derived from a variety of fraud schemes and launder the proceeds through cryptocurrency. They allegedly have routinely structured deposits to avoid transaction reporting requirements and to conceal the nature and source of the criminal proceeds, the Department of Justice said. They allegedly exchanged the criminal proceeds for cryptocurrency and directed the cryptocurrency to wallets under the control of their foreign co-conspirators, it said. In August 2020, Boyd and Mehtani travelled to Longview, Texas, where they attempted to exchange more than USD 4,50,000 for Bitcoin. They were temporarily detained and the mo

Pakistan remains on FATF grey list for failing to meet some of its targets

The plenary on Friday decided against exonerating Pakistan from the category despite the country meeting 32 out of 34 action points, the Dawn newspaper reported on Saturday