by Jyotsna Bucktowar | Aug 31, 2023
Two men who secretly invested in the massive conglomerate turn out to have close ties to its majority owners, the Adani family, raising questions about violations of Indian law…
by Jyotsna Bucktowar | Aug 25, 2023
Follows increasing recognition that further investments in the Indian securities markets can be facilitated by channelling NRI/ OCI investments into the country through FPIs that are professionally run by investment managers and whose securities are kept in...
by Jyotsna Bucktowar | Jul 30, 2023
A recent ruling declared American online payment gateway PayPal a ‘reporting entity’ under the AML law will boost India’s efforts to show that its financial systems, currently under a FATF review…
by Jyotsna Bucktowar | Jun 20, 2023
The amendments, which came into effect on May 10, 2023, are aimed at preventing ML and TF. The key changes to the MD on KYC include: Enhanced CDD requirements: REs will now be required to conduct enhanced CDD for high-risk customers, including (PEPs) and those...
by Jyotsna Bucktowar | Jun 16, 2023
According to the amended guidelines, any individual or group holding 10% ownership in the client of a ‘reporting entity’ will now be considered a beneficial owner as against the ownership threshold of 25% applicable earlier. These entities were required to...
Recent Comments