by Jyotsna Bucktowar | Mar 28, 2026
Authorities believe the scheme involved collecting illicit cash from criminal activities, funnelling it through legitimate businesses using false invoicing, and transferring funds abroad to conceal their origin, with part of the money invested in luxury real estate...
by Jyotsna Bucktowar | Mar 20, 2026
The draft law aims to move from fragmented, rule‑based supervision to a unified, principle‑based framework that strengthens oversight across the entire sector, tackles financial risks and weak governance, boosts consumer protection, and tightens anti‑money‑laundering...
by Jyotsna Bucktowar | Mar 18, 2026
The FMA found that the bank failed to properly assess and mitigate risks associated with certain accounts, undermining transparency and compliance with the Financial Markets Anti‑Money Laundering Act. The penalty underscores the regulator’s commitment to enforcing...
by Jyotsna Bucktowar | Mar 18, 2026
An OCCRP investigation revealed that the exchange used false registration details and a fictitious director to obscure its connections to sanctioned individuals, enabling it to operate under the radar of UK authorities. This move follows U.S. sanctions targeting...
by Jyotsna Bucktowar | Mar 18, 2026
The panel has called for a temporary ban on such donations until stronger regulatory safeguards, enhanced due diligence measures, and clearer reporting requirements are put in place, emphasising the need to close gaps that could allow illicit or undisclosed money to...
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