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RBI barred Paytm Payment Bank from Banking Activities
[…] are able to switch to another bank account, which work has already started. One97 Communications, in a filing to exchanges on Sunday, denied any involvement in anti- money laundering…
SEBI To Revisit Proprietary Trading Rules As Brokers Are Misuing It
[…] is re visiting the Proprietary Trading Brokerage firms. SEBI inspected more than 200 stock brokers and sub brokers to check any possible non-compliance of norms to check money laundering…
Wash Trading -The New Disastrous Scam
[…] of art, where criminals purchase an art piece with illicitly acquired money and sell them off later to get white money and dissociate themselves from criminal activities. Money laundering…
Karvy Demat Scam: How Stock Brokers Managed to Swindle the Investors?
[…] ordered the Registrar of Companies (ROC) Hyderabad to probe Karvy Group Financial Fraud. The Enforcement Directorate attached fresh assets worth Rs 110 crore in connection with the money laundering…
What Are Cross Border Payments And How It Is Getting Revolutionised?
[…] members sending money to their native countries to growth in online marketplaces. Many initiatives are underway with central banks, international organizations and the private sector – all of which…
Virtual Bank: Meaning, Forms & Importance
[…] an extra layer of security. Regulatory Compliance:Virtual banks are subject to regulatory requirements and oversight like traditional banks. They must comply with stringent standards to prevent fraud, money laundering,…
Adani Group Takes A Bad Break Due to Hindenburg Allegations
[…] markets. Indian Businessmen and politicians are increasingly facing criticisms. Recent among them is Adani Group. Mr. Gautam Adani is facing criticisms for accounting fraud, stock manipulation and money laundering…
Payment Aggregators -The Best Gateways
[…] is when it comes to sorting/handling complaints, refunds/failed transactions, return policy, customer grievance redress (including turnaround time for answering questions), dispute resolution mechanism, reconciliation, etc. 4. Anti- Money Laundering…
Ledger Balance
[…] requirements dictate the proper handling and reporting of ledger balances to regulatory authorities, such as tax agencies and financial regulators. These regulations aim to prevent fraudulent activities, money laundering,…
