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Thursday, July 17, 2025
TopicAnti-Money Laundering Act

Topic: Anti-Money Laundering Act

ED raids over 15 locations in Bengaluru in Rs 100-crore Souharda Bank ‘scam’

The alleged multi-crore fraud involves allegations of cheating by more than 15,000 depositors who were duped with false promises of unusually high returns.

FIU-IND, IRDAI Strengthen Anti-Money Laundering Fight

Collaboration aims to enhance coordination and information sharing in the fight against financial crimes.

ED arrests businessman Amit Arora on money laundering charges in Delhi excise policy case

The CBI, in a chargesheet, said Arora & 2 others were involved in 'managing & diverting the undue pecuniary advantage collected from liquor licenses'.

ED probes crypto exchange Binance in betting app laundering case

Binance has been facing regulatory crackdown as nations intensify scrutiny of crypto industry amid concerns that it is being used to conceal proceeds of money laundering & terrorism.

Pakistan sets up cell to check money laundering, terror financing to exit FATF’s grey list

Islamabad: Pakistan's anti-corruption watchdog has established an anti-money laundering and terror financing cell to check financial crimes and illegal transfer of resources as the...

ED attaches over Rs 365 crore assets in Adarsh cooperative society fraud case in Rajasthan

The case pertains to ED taking cognisance of FIR against the Adarsh Credit Cooperative Society Limited (ACCSL) and its promoters for duping about 20 lakh people in Rajasthan.

Delhi court grants bail to Rajeev Saxena in AgustaWestland case

The court also imposed certain conditions on Saxena and said he will not tamper with evidence and join investigation as and when called.

Money parked by Indians in Swiss banks rose by over 50% last year

The surge comes as a surprise given India's clampdown on suspected black money stashed abroad.

On Camera

India’s solar ambition needs financial vision – ISA must move from commitments to execution

The ISA should champion a Global Solar Asset Registry for standardised project information, and establish a Solar Credit Guarantee mechanism to mitigate political and currency risks.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

3 top ULFA-I leaders ‘killed’ in Myanmar, Indian Army denies role as insurgent group alleges involvement

The banned group claimed their leaders & cadres were killed in ‘drone strikes’ by the Indian Army. Guwahati Defence PRO denies any such operation.

RSS chief Bhagwat draws the line at 75. India’s politics stares at the Modi Exception

BJP has no dynastic succession, at least not at the top. You can trace this back to Vajpayee-Advani era. This act of spotting, empowering younger talent is even more striking with the choice of BJP presidents.