by Jyotsna Bucktowar | Feb 16, 2025
The ML investigation stems from multiple FIRs filed by the Himachal Pradesh Police, alleging that QFX Trade Ltd defrauded investors. The company is accused of running a fraudulent scheme deceiving people into investing their money. Authorities are probing the...
by AdrianaAMLP | Sep 27, 2024
India has achieved a high-level of technical compliance across the FATF Recommendations and has taken significant steps to implement measures to tackle illicit finance…
by Jyotsna Bucktowar | Sep 19, 2024
The task force establishes global standards for national authorities addressing illicit funds from drug trafficking, illegal arms trade, cyber fraud, and other serious crimes. India, a member since 2010 was found compliant or largely compliant on 37 out of 40...
by Jyotsna Bucktowar | Jul 1, 2024
Binance classified as a Virtual Digital Asset Service Provider is obligated to maintain transaction records and implement stringent AML measures. Despite this classification, the FIU’s investigation revealed Binance’s non-compliance with these requirements...
by Jyotsna Bucktowar | Mar 15, 2024
This new system aims to simplify the verification process for various financial transactions, such as opening bank accounts, buying insurance, and investing in stocks or mutual funds. Currently, customers are required to provide separate KYC documents for each...
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