India’s financial crime fighting agency has summoned executives of tech giants Google and Meta to its headquarters on Monday as it investigates accusations of money laundering on online betting apps, two government sources said. The Enforcement Directorate (ED) is investigating whether the platforms eased the way for promotion and wider reach of betting apps through […]
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A recent crackdown in Jammu and Kashmir led cyber police to uncover thousands of fraudulent bank accounts known as mule accounts. In 2025, during a press conference, officials identified 7,200 such accounts, with estimates suggesting the number could reach 30,000. But why should ordinary citizens be worried? Because these mule accounts can lead to them […]
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The Finance Ministry has amended the Prevention of Money Laundering (Maintenance of Records) Rules for widening the scope of KYC norms. File | Photo Credit: The Hindu The Finance Ministry has amended the Prevention of Money Laundering (Maintenance of Records) Rules for widening the scope of Know your Customer (KYC) norms to include Politically Exposed […]
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A flag with the logo of the Financial Action Task Force, FATF. | Photo Credit: AP Global anti-money laundering watchdog FATF on Friday added South Africa and Nigeria to its “grey list” of countries for failing to combat money laundering and terrorism financing, in a set back to Africa’s two largest economies. The decision of […]
Continue ReadingSixteen other locations of banks, payment gateway branches and offices in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bengaluru were also searched Sixteen other locations of banks, payment gateway branches and offices in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bengaluru were also searched The Enforcement Directorate has seized ₹46.67 crore […]
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A series of Reuters articles this year revealed how Binance drove its explosive growth while keeping weak customer checks and withholding information from regulators A series of Reuters articles this year revealed how Binance drove its explosive growth while keeping weak customer checks and withholding information from regulators U.S. federal prosecutors asked Binance, the world’s […]
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The news comes as Binance’s CEO and WazirX’s CEO had a vocal disagreement on Twitter regarding the ownership of WazirX The news comes as Binance’s CEO and WazirX’s CEO had a vocal disagreement on Twitter regarding the ownership of WazirX After India’s Enforcement Directorate (ED) issued orders to freeze ₹64.67 crores worth of crypto exchange […]
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No fresh summons were issued to Congress president Sonia Gandhi in the National Herald newspaper-linked money laundering case, officials said No fresh summons were issued to Congress president Sonia Gandhi in the National Herald newspaper-linked money laundering case, officials said The Enforcement Directorate (ED) on July 27 questioned Congress president Sonia Gandhi for over three […]
Continue ReadingActor Jacqueline Fernandez on June 27 appeared before the Enforcement Directorate (ED) for a fresh round of questioning and recording her statement in a money laundering case linked to alleged conman Sukesh Chandrashekhar and others, officials said. The agency had in April provisionally attached ₹7.27 crore funds of the Bollywood actor under the Prevention of Money […]
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