Money Laundering

Context: SC is hearing a case related to misuse of PMLA.   Prevention of Money Laundering Act (PMLA), 2002: PMLA […]

Underreporting of income: 61 individuals has declared an income of more than Rs 100 crore during the assessment year 2017-18.

Context: India is the world’s second-biggest consumer of the metal. Gold import is likely to rise during the country’s peak

Context: Ministry of Corporate Affairs has identified 1.06 lakh directors of ‘shell companies’ for disqualification under the relevant provisions of

Facts: Money parked by Indians in Swiss Banks have nearly halved to about Rs 4,500 crore in 2016. The funds

What will the Task Force do? Task Force is constituted to crack down on Benami Firms. It will include members

Foreign Contribution (Regulation) Act, 2010 It regulates the foreign contribution (money donation) and foreign hospitality (e.g. free airplane tickets and

What do you understand by Round-tripping? Examine the  relationship between P-Notes and Round-tripping. In recent past SEBI, Supreme Court and

FATF is an inter-government body that sets the standards for measures to counter terror financing, money laundering and other threats

Undisclosed foreign income and assets (Imposition of Tax) Bill, 2015 seeks to put curb on the menace of black money