Page 26 - Money Laundering

Pakistan likely to remain on FATF's grey list for four more months: Report

Pakistan is now targeting the full completion of the 2021 action plan on anti-money laundering and combating terror financing by the end of January 2023

'Rs 19,111-cr assets attached out of total fraud by Mallya, Nirav & Choksi'

These figures were mentioned in the note submitted by Tushar Mehta in the SC, which is hearing arguments on a batch of petitions concerning the interpretation of certain provisions of PMLA

Nawab Malik appears before ED in connection with money laundering case

The ED had summoned the minister this morning, but the officials of the agency went to his house and brought him to its office

HC seeks ED stand on bail plea by former MD & CEO of YES Bank Rana Kapoor

Last month, the trial court had denied the relief of bail to Kapoor, noting that the allegations against him were most grave and serious in nature

Credit Suisse faces money laundering charges in cocaine traffickers trial

Swiss prosecutors say it did not take all necessary steps to prevent the alleged drug traffickers from hiding and laundering cash

After cryptocurrencies, money laundering via NFTs next big worry

After serious concerns were raised on cryptocurrencies and their misuse for money laundering and hawala-based transactions by terror groups and criminals

ED attaches Delhi-based journalist's property in money laundering case

Sharma, who was arrested by the agency in July last year, was granted bail in the case by the Delhi High Court last week.

Record number of searches in FY22 as tax offences get money laundering tint

With three months still to go for the year to end, total 'undisclosed income' is about Rs 32,000 cr, far eclipsing the FY19 level of Rs 18,600 cr

Money laundering case: Anil Deshmukh moves special court for default bail

Deshmukh was arrested by the ED on November 2, 2021 and is currently in judicial custody

Money laundering law can't be used as weapon to jail people, says SC

Indiscriminate use of Prevention of Money Laundering Act by ED will affect the 'value' of legislation and it cannot be wielded as a weapon to put people behind bars, Supreme Court said on Wednesday.

Jacqueline, Nora got expensive cars, gifts from Sukesh Chandrashekhar: ED

Fernandez and Fatehi were recently questioned by the ED in the probe related to a case filed by former Ranbaxy promoter Shivinder Singh's wife Aditi Singh

NatWest fined 264.8 million pounds in money-laundering case

British bank NatWest was fined 264.8 million pounds (USD 354.30 million) on Monday for failing to comply with money laundering rules

French court to rule on $5 bn UBS fine for helping clients to evade taxes

The Paris appeals court is set to rule on whether to confirm or adjust the penalty against Switzerland's largest lender, which was imposed after an initial trial in 2019.

US is the 'bestplace' to hide, launder illicit funds, says Janet Yellen

Switzerland or the Cayman Islands have long been the focuses of regulators looking to find hidden cash

Ex-Religare CEO sent to judicial custody in connection with fund siphoning

A Delhi court sent Krishnan Subramanian to judicial custody for four days in connection with the alleged siphoning of public money to the tune of Rs 2397 crore of Religare Finvest Limited (RFL).

Actor Jacqueline Fernandez appears before ED second day in a row

The 36-year-old actor had spent about eight hours at the agency's office on Wednesday

Enforcement Directorate summons Jacqueline Fernandez again in PMLA case

She was asked to appear before the ED team in Delhi.

At Mumbai airport, ED stops actor Jacqueline Fernandez from flying abroad

The 36-year-old actor was stopped by the immigration authorities at the Mumbai airport on the basis of a Look Out Circular (LoC) issued by the federal probe agency

ED attaches properties of Prakash Industries under money laundering case

Properties worth Rs 227.95 crore were attached

Money laundering case: Court extends Anil Deshmukh's ED custody till Nov 15

A special PMLA court here on Friday extended the ED custody of former Maharashtra home minister Anil Deshmukh till November 15 in connection with a multi-crore money laundering case