Wed, May 10, 2023
The government has further tightened the rules to prevent money laundering and has increased the scope of PMLA. Under this, individuals who give their address to open a company can also come under the purview of the Anti-Money Laundering Act. Will business become difficult if PMLA is strictly enforced? Will those who help businessmen also be punished? What is the guarantee that professionals will not be harassed? Will the stringent PMLA provisions impact 'Ease Of Doing Business'? Watch this special discussion in Aapki Khabar Aapka Fayda.
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The Indian government has expanded the scope of its money laundering law to also include individuals representing a company or acting as a director, according to a notification.
Thu, Mar 09, 2023
The amended rules were notified on March 7 by the Finance Ministry. Under the anti-money laundering law, 'reporting entities' are banks and financial institutions, firms engaged in real estate and jewelry sectors.
In a move to prevent the misuse of digital assets and regulate crypto space, the Finance Ministry has announced that digital assets, cryptocurrencies, and virtual asset businesses will now fall under the ambit of the Prevention of Money Laundering Act 2002.
Thu, Aug 18, 2022
PNB KYC Policy 2022, which was released earlier this year, aims to prevent the bank from being used by criminals for money laundering purposes or for terrorist financing activities.
Wed, Aug 17, 2022
The 36-year-old actor has been questioned multiple times by the agency in the this case, the last being in June. The actor, a Sri Lanka national, debuted in the Hindi film industry in 2009.
Mon, Aug 01, 2022
The Rajya Sabha MP of the Sena, led by former Maharashtra chief minister Uddhav Thackeray, will be produced before a special PMLA court in Mumbai later in the day, where the Enforcement Directorate will seek his custody.
Wed, Jul 27, 2022
Sonia Gandhi reached the federal agency's office in central Delhi at 11 am accompanied by her children Priyanka Gandhi Vadra and Rahul Gandhi. The session began around 11:15 am by a team of investigators that includes the main probe officer and a person who takes down statements dictated by Gandhi on a computer.
Tue, Mar 22, 2022
The government on Tuesday said assets worth Rs 19,111.20 crore relating to fugitives Vijay Mallya, Nirav Modi and Mehul Choksi, have been attached so far.
Wed, Mar 27, 2019
PMLA court has been rejected the plea of Vijay Mallya of stop selling his shares of worth Rs.1000 Cr. Watch complete video to know more..
Wed, Dec 13, 2017
The PMLA and its rules impose an obligation on reporting entities like banks, financial institutions and intermediaries to verify the identity of clients, maintain records and furnish information to the Financial Intelligence Unit of India (FIU-IND).
Thu, Nov 09, 2017
Global gold demand slumps after India introduced GST and tightened the laws with Prevention of Money Laundering Act.
Sun, Oct 22, 2017
The Government has made it mandatory for banks and financial institutions to check the original identification documents of individuals dealing in cash above the prescribed threshold, to weed out the use of forged or fake copies.
Mon, Oct 09, 2017
In a move to provide relief to customer and jewellers, the GST council in 22nd meet decided to withdraw the KYC norms for purchase above Rs 50,000 for time-being. A guidelines will be issued the council in nearterm.
Thu, May 18, 2017
The property, spread in 17 acres, was provisionally attached by the agency last year in September under the provisions of the Prevention of Money Laundering Act (PMLA).
Wed, Jan 25, 2017
The Committee of Chief Ministers on Digital Payments led by Chief Minister of Andhra Pradesh Chandrababu Naidu submitted their interim report to Prime Minister Narendra Modi on Tuesday January 24, 2017.
Sat, Dec 17, 2016
The Enforcement Directorate (ED) has registered a money laundering case in the alleged forging of a customer's identity to conduct huge illegal transactions in an Axis Bank branch in Noida for conversion of black funds into white post demonetisation.
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