Finance Ministry notifies Banning of Unregulated Deposit Schemes, 2019 [Read Notification]
The Ministry of Finance has notified the Banning of Unregulated Deposit Schemes, 2019. The Act is aimed at tackling the menace of illicit...
![Money Laundering can’t be alleged by Mere Producing of Evidence of Share Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Black-Money-Tax-Scan.jpg "Money Laundering can’t be alleged by Mere Producing of Evidence of Share Transactions: ITAT [Read Order]")
![Buyer’s Name mandatory in Demand Drafts: RBI [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/07/RBI-TaxScan.jpg "Buyer’s Name mandatory in Demand Drafts: RBI [Read Notification]")
![Post-Demonetisation Money Laundering Case: Delhi HC Grants Bail to Advocate Rohit Tandon [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Money-Laundering-Delhi-High-Court-Taxscan.jpg "Post-Demonetisation Money Laundering Case: Delhi HC Grants Bail to Advocate Rohit Tandon [Read Order]")
50K Limit on Balance in ‘Small Accounts’: Govt Notifies Exemption to Deposits through Govt Grants, Welfare Benefits etc [Read Notification]
The Central Government today notified that the limit on balance to small accounts under the Prevention of Money Laundering (Maintenance and Records) Rules, 2005 is not applicable to to deposits...
ICAI Board of Discipline takes action against CA’s involved in Money Laundering during Demonetisation period
The Institute of Chartered Accountants of India (ICAI) was seized of five cases against Chartered Accountants ( CA ) who have been found advising/guiding in a manner encouraging money laundering...
Bank Officials under Scanner: Investigation against employees indulged in Money Laundering Post Demonetisation, says Santosh Kumar Gangwar
Enforcement Directorate has intimated that bank employees have been found indulging in money laundering and other unfair practices during the phase of demonetisation and that the investigations have...
RBI bans making direct investments in ‘Non Co-operative Countries and Territories’ [Read Notification]
The Reserve Bank of India has prohibited Indian Party from making direct investments in countries identified by the Financial Action Task Force (FATF) as “Non Co-operative countries and territories”. ...
