money laundering

June 2024

Terror watchdog FATF praises India for anti-money laundering efforts

The task force adopted the country’s Mutual Evaluation Report at the three-day Plenary held in Singapore that culminated today June 28.

By Vidhi Taparia

April 2024

ED attaches Raj Kundra’s assets worth ₹97.79 cr in money laundering case

The ED has confiscated properties including a bungalow in Pune and equity shares owned by Raj Kundra.

By Shabeeh Azeem

March 2024

FinMin slaps ₹5.5 cr fine on Paytm Payments Bank for violations of money laundering rules

FinMin action comes after FIU-IND received specific info on a few entities engaging in illegal acts, including organising and facilitating online gambling

By fortuneindia.com

January 2024

Moody's finds 942-year-old director among 21 mn red flags on shell companies

South Asia, mainly India, has the most firms with circular ownership concerns, finds Moody's Analytics.

By fortuneindia.com

August 2023

Hero MotoCorp shares tank 5% after ED raids Pawan Munjal's residence

According to reports, the Directorate of Revenue Intelligence (DRI) recently apprehended a close aid of Munjal in relation to money laundering and the possession of undeclared foreign currency

By fortuneindia.com

June 2023

ED arrests M3M director in ₹400 cr money-laundering case

ED seizes 17 high-end luxury vehicles worth ₹60 cr, jewellery or bullion worth ₹5.75 cr, ₹15 lakh cash, and many incriminating documents

By fortuneindia.com

How to combat cryptocurrency-related money laundering

One of the biggest challenges in combating money laundering through cryptocurrencies is the lack of regulations. They are not currently recognised as legal tender in India.

By Antara Jha

March 2023