Money laundering

terror financing: FIU notifies fresh money laundering, terror financing reporting alerts for capital markets

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New Delhi: A fresh set of ‘alert indicators’ have been issued by India’s financial intelligence unit (FIU) for capital markets, insurance companies, online payment gateway intermediaries and crypto currency service providers for effective checking of suspicious transactions in their channels as part of the anti-money laundering and counter-terrorism financing regime. These new guidelines have been … Read more

panama papers: ‘Panama Papers’ trial starts. 27 people charged in the worldwide money laundering case

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The trial of 27 people charged in connection with the worldwide “Panama Papers” money laundering started Monday in a Panamanian criminal court. Those on trial include the owners of the Mossack-Fonseca law firm that was at the heart of the 2016 massive document leak. The Panama Papers include a collection of 11 million secret financial … Read more

Bhushan Steel: ED files additional chargesheet in Bhushan Steel case

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(This story originally appeared in on Mar 27, 2024) ETAuto With the fresh supplementary chargesheet, the total number of accused in the case has touched 156. The Enforcement Directorate (ED) has filed a supplementary prosecution complaint (equivalent to a chargesheet) in the misappropriation of funds by Bhushan Steel and Bhushan Energy involving its former promoters, … Read more

Kavitha arrest before polls may hit BRS morale, hasten desertions; party calls for protests tomorrow

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Hyderabad: The arrest of K Kavitha, daughter of former chief minister and BRS supremo K Chandrasekhar Rao, a day before the Election Commission is set to announce the schedule for the Lok Sabha elections, may have some psychological impact on party workers. Former minister T Harish Rao said at a press conference that the party … Read more

Man pleads guilty in $1B scheme to dodge NY money laundering rules

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Las Vegas Review-journal | Tribune News Service | Getty Images A man described as an “experienced anti-money laundering specialist” pleaded guilty on Wednesday to illegally funneling more than $1 billion in lucrative, high-risk transactions through small financial institutions, the U.S. Department of Justice said. The massive transfer, which included hundreds of millions of dollars from … Read more