The Financial Intelligence Unit (FIU) of India has issued show cause notices to nine offshore cryptocurrency and virtual digital assets platforms, including Binance and Kucoin, for non-compliance with anti-money laundering (AML) laws....
The Enforcement Directorate has filed its first charge sheet against Chinese smartphone maker Vivo-India and some others in relation to its money laundering case, said a PTI report quoting official sources on Thursday. The prosecution complaint has been filed before a ...
A number of measures are taken to boost up the sector from relaxing PMLA norms to revising and lessening GST burden for end consumers to bringing more organized framework in the sector. Meanwhile in respect of the earnings number, the sector ...
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. The Department of Revenue in ...
Gold demand reduced to almost half in the Navratri-Dusshera period and after the government reversed the earlier KYC for gold purchase gain some ground on demand terms but nonetheless with the prices going up, the demand remained way lower in comparison ...
The government has been wise enough to well time the launch of its third tranche of sovereign gold bonds or SGBs just ahead of the festivities. Sale of gold increases substantially as part of the age-old practice and in line ...
The new money laundering rules notified on August 23 has hit the gems and jewellery sector hard. As per the central government's notification any entity which deals in precious metals, stones or other high-value goods and has a turnover of Rs. ...
In the anticipation that still many individuals do not possess the unique biometric ID, Aadhaar, or their details including the address or photograph may not be updated, now have asked all scheduled banks to offer Aadhaar enrollment as well as updation ...
On Friday the government has made Aadhaar and PAN mandatory for opening a bank account with effect from June 1, 2017. Further the two identities Aadhaar issued by the UIDAI and PAN issued by the Income Tax Department shall also ...
