Describing demonetisation as an attempt ‘akin to striking a rock with an egg’, eminent Austrian economist Heinz D Kurz has said it is ‘much too weak and misdirected an instrument’ to root out corruption.
The Enforcement Directorate (ED) has begun freezing the accounts of shell companies and investigating certain Mumbai-based bullion dealers suspected to be behind them.
U.S. sanctions imposed on Russia are affecting Indian weapons procurement because Moscow is unable to furnish bank guarantees required by Indian law, according to a source in the Ministry of Defence, who spoke on condition of anonymity.
The international community loses hundreds of billions of dollars every year due to trade-based money laundering, says a US report which identifies China, Russia, Mexico and India as the top four sources of illicit financial outflows.
Tariq Ahmed Dar, who was convicted in the 2005 Diwali-eve serial blasts in Delhi that claimed 67 lives, was on Monday granted bail by a Delhi court in a related money laundering case.
Televangelist Dr Zakir Naik has finally responded to the legal proceedings initiated against him in Mumbai and offered to be available through Skype or such other application for questioning by the law enforcement agencies in India.
Zakir Naik’s confidant Aamir Gazdar, who was arrested on Thursday, will be produced in the special PMLA court on Friday
The Serious Fraud Investigation Office (SFIO), which specialises in investigation of white collar crimes, has summoned former IDBI chairman GP
On November 8, 2016, Indian Prime Minister Narendra Modi announced in a televised speech that 500 and 1,000 rupee notes would no longer be legal tender, swiftly rendering 86 per cent of cash in the ...
Tom Devlin, barrister and partner at Stephen Platt and Associates LLP, unpicks recent anti-money laundering scandals in the finance industry. He looks in detail at what went wrong, how word got out, and how the failings ...
The Laundromat is a name given by the Organized Crime and Corruption Reporting Project to a vast money-laundering scheme. Between autumn 2010 and spring 2014 Russian officials and insiders moved billions of dollars into Europe, ...
The Financial Conduct Authority (FCA) is being scrutinised by a government audit, alongside a number of other agencies focused on preventing scams and economic crime. According to the Financial Times the FCA is one of a ...
The United States has blacklisted nearly all Latin American countries for money laundering in 2017. InSight Crime explores why this is the case, and discusses some of the achievements and failings of regional anti-money-laundering efforts ...
Business pressure to weaken bribery laws and government’s inability to focus on non-Brexit issues are also concerns, says group.
Crime gangs are exploiting corruption at European borders to smuggle vast quantities of illicit goods, a new report warns.
As part of the EU, the UK has to adhere to the Anti-Money Laundering Directive which is looking at transparency of trusts – but not for much longer.
Three units of London-based Barclays Plc have been penalized by Australia’s securities regulator for failing to tell clients they didn’t hold local financial services licenses and instead were regulated overseas.