antimoney

Chartered accountants are seeking clarifications on the finance ministry's recent notification on extending the ambit of anti-money laundering law as it can adversely impact ease of doing business and facilitation of foreign…

Chartered Accountants (CA), Company Secretaries (CS) and cost and works accountants are concerned about the new regulation that would subject them to the strict anti-money laundering law if they enter into financial transactions on behalf…

India's anti-money laundering investigation agency conducted searches at offices of Byju's, the country's most valuable startup, as part of a probe and has seized documents. The Enforcement Directorate officials, mandated to investigate…

The government has amended rules under the anti-money law, making it mandatory for banks and financial institutions to record financial transactions of politically exposed persons (PEP). Also, financial institutions or reporting agencies…

India has tightened the definition of beneficial ownership under its anti-money laundering law while making mandatory maintenance of records of all financial transactions carried out by non-profit organisations.The finance ministry notified…