Money Laundering News
Aircel-Maxis case: Delhi High Court stays trial court proceedings against P Chidambaram over alleged money laundering
The Delhi high court stayed the court proceedings against P Chidambaram, and listed that the matter will be taken up for a detailed hearing in January 2025, reported the news agency PTI on Wednesday.
2 min read20 Nov 2024FATF asks India to speed money laundering cases
FATF also said India has to improve the implementation of cash restrictions by dealers in precious metals and stones as a priority.
3 min read19 Sep 2024Backpage.com founder Michael Lacey sentenced to 5 years in prison, fined $3M for money laundering
Backpage.com founder Michael Lacey sentenced to 5 years in prison, fined $3M for money laundering
3 min read29 Aug 2024New US rules try to make it harder for criminals to launder money by paying cash for homes
New US rules try to make it harder for criminals to launder money by paying cash for homes
2 min read29 Aug 2024Mule accounts: When random bank accounts of daily wage labourers received windfalls to the tune of crores
Shiv Prasad Nishad, a daily wage labourer in UP, had lost his PAN card long ago before he mysteriously received ₹221 crore in his bank account in Oct 2023. It was speculated that someone may have used his bank account to deposit funds illegitimately.
2 min read5 Jul 2024Ex-Trump Associate Sater Tells NY Jury He Wasn’t Bothered by ‘Dirty’ Money
A Moscow-born businessman who was once part of Donald Trump’s inner circle of deal makers testified at a civil trial where he’s accused of helping a Kazakh man launder money through US real estate including condos at the former Trump SoHo tower.
3 min read19 Jun 2024The Banks That Hold Most Money in Singapore Laundering Scandal
In a Singapore courtroom on Friday, the last of those arrested for their involvement in the island nation’s biggest laundering case pleaded guilty, paving the way for the next steps in the S$3 billion ($2.2 billion) scandal.
3 min read8 Jun 2024Patiala House Court of Delhi grants regular bail to Supertech’s chairman and promoter RK Arora in money laundering case
Patiala House Court of Delhi grants regular bail to Supertech’s chairman and promoter RK Arora in money laundering case
1 min read6 Jun 2024US charges two brothers with novel $25 million cryptocurrency heist
USA-CRYPTOCURRENCY/ETHEREUM-CRIME (PIX):US charges two brothers with novel $25 million cryptocurrency heist
1 min read16 May 2024US Bids to Boost Hedge Funds’ Anti-Money Laundering Defenses
The US Treasury Department and the Securities and Exchange Commission proposed new rules that aim to keep investment funds from being used to launder money or fund terrorist activity.
1 min read13 May 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared