money laundering
Money laundering allegation: banks start probes
Days after a sting operation purportedly show bank officials helping launder money, HDFC Bank today said it has hired independent audit firm for conducting forensic inquiry while Axis Bank initiated a probe into the matter.
Pvt banks involved in money laundering?
Bengaluru: A pan-India undercover investigation by Cobrapost.com has found that Axis Bank, ICCI and HDFC were engaged in money laundering, flagrantly violating various RBI guidelines, the provisions
Abhishek Verma granted bail, but to remain in jail
A special court here Monday granted bail to businessman Abhishek Verma in a forgery case after CBI failed to file the chargesheet against him within the stipulated time of 60 days from his arrest.
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Sebi probes brokers under money laundering, terror fund rules
As many as 35 stock brokers have been probed by capital market regulator Sebi for possible lapses in controls related to money laundering and terror financing, and further action may be taken soon in
HSBC Bank probed for money laundering: Report
US prosecutors are looking into whether British bank HSBC was involved in laundering money for Mexican drug cartels and moving cash for Saudi Arabian banks with ties to terrorists, The New York Times
ED arrests Abhishek Verma, wife in money laundering case
Businessman Abhishek Verma and his wife were on Wednesday arrested by the Enforcement Directorate in connection with a money laundering case registered against the couple for allegedly receiving money
Ramoji-Ambani deal under probe
The Enforcement Directorate has begun probing the Rs 2,604-crore deal between media baron Ch Ramoji Rao and oil major Reliance Industries.
Union minister of state for finance S.S. Palanimanickam wrot
FIU initiates probe in HSBC India operations
The Financial Intelligence Unit (FIU) of the finance ministry has begun a probe into the HSBC's India operations after it was alleged that the country was exposed to terror funding and money laundering due to the banking giant's weak safety mechanisms.
HSBC case: RBI looking into issues raised by US Senate
The Reserve Bank is looking into the issue of non-compliance of anti-money laundering norms by the Indian staff of HSBC raised by a US Senate Committee, a senior Finance Ministry official said on Thursday.
Senators doubtful as HSBC touts money-laundering fixes
Officials of HSBC Holdings Plc pledged to a U.S. Senate panel on Tuesday that the bank is changing the way it polices illicit funds, but senators were skeptical the bank could deliver on promises it h
