Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AML, Asia-Pacific, Compliance, Featured Article, Financial Crime, News, Regulatory

NEWS: India’s fincrime watchdog registers over 5,000 money laundering cases – but just 40 convictions 

Premium August 8, 2024

FIGURES: The figures were provided by Nityanand Rai (centre), the Union Minister of State for Home Affairs, to Lok Sabha, in response to a question in the lower house of India’s parliament. FILE PHOTO: Nityanand Rai during the handing over of an appointment letter to a newly inducted recruit during “Rozgar Mela" at Dr. B. C. Roy Auditorium, Sealdah, in Kolkata.

Premium

NEWS: Europol says AI facial recognition technology could help stop ATM scams

 Premium

NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

By PAUL O’DONOGHUE INDIA’s financial crime watchdog has registered just 40 convictions for money laundering since 2014 – despite thousands of cases. The country’s Enforcement Directorate (ED), the state agency tasked with investigating and fighting financial crime, has registered 5,297 cases under the Prevention of Money Laundering Act (PMLA) in the last 10 years. However,…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
Premium

NEWS: Europol says AI facial recognition technology could help stop ATM scams

 Premium

NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

Regulatory Watch News

  • Commerce Announces Proposed Rule to Secure Connected Vehicle Supply Chains from Foreign Adversary Threats

    US Department of Commerce

    Washington, D.C. – Today, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published a Notice of Proposed Rulemaking (NPRM) that would prohibit the sale or import of connected vehicles integrating specific pieces of hardware and software, or those components sold separately, with a sufficient nexus to the People’s Republic of China (PRC) or Russia.

  • How AI Can Strengthen Law Enforcement: Insights from Europol’s New Report

    Europol

    A newly published report by Europol’s Innovation Lab explores the ways in which artificial intelligence (AI) can revolutionise law enforcement operations. By harnessing AI's advanced capabilities, law enforcement agencies can process vast datasets more efficiently, enhancing their ability to detect and counter criminal activity. AI tools can streamline decision-making processes at both operational and strategic levels, enabling authorities to better identify and address criminal threats at their core.

  • September 25: FinCEN Virtual Info Session on Beneficial Ownership Reporting

    FinCEN

    The Corporate Transparency Act requires many companies doing business in the United States to report information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) about who ultimately owns or controls them. Join a FinCEN representative for a virtual information session on beneficial ownership information (BOI) reporting requirements and how to comply with the law.

Sign Up To Our Newsletter

Categories

Archived articles

Contact Us