We are sorry, the requested page does not exist
ED attaches asset worth Rs 70 lakh in bank fraud implicating Hyderabad-based Jasleen Enterprises
New Delhi [India], March 28 (ANI): The Directorate of Enforcement (ED) has attached an immovable property valued at Rs 70 lakh in a bank fraud case involving Jasleen Enterprises headquartered in Hyderabad. The Hyderabad division of the ED attached the fixed asset in accordance with the stipulations outlined in the Prevention of Money Laundering Act (PMLA) of 2002. ED initiated investigation on the basis of First Informati.....»»
Philippines remains on FATF gray list
The Philippines failed anew to exit the gray list or list of jurisdictions under increased monitoring after falling short in addressing the remaining concerns on its anti-money laundering and counter-terrorist financing regime, according to global dirty money watchdog Financial Action Task Force......»»
Suspected terror fund facilitator caught using remittance centers
Emmett Manantan of the Anti-Money Laundering Council confirmed that the suspect Myrna Mabanza used money service businesses to transfer funds to members of the Abu Sayyaf Group.....»»
BSP tightens rules on reporting threats
The Bangko Sentral ng Pilipinas (BSP) is now requiring banks and financial institutions to report any significant incident related to money laundering, terrorism and proliferation financing within 24 hours......»»
Unregistered entities may face more stringent AMLC sanctions
Unregistered designated non-financial businesses and professions that failed to register on time could face more stringent sanctions from the financial intelligence unit, according to the Anti-Money Laundering Council......»»
AMLC to be invited in next Senate hearing on Quiboloy s alleged abuses
The Senate women and gender equality committee has invited the AMLC to attend the next hearing as the panel seeks to determine the extent to which Quiboloy siphoned funding from KOJC followers through money laundering......»»
Deal only with registered entities – AMLC
The Anti-Money Laundering Council (AMLC) has reminded covered persons to deal only with registered designated non-financial businesses and professions (DNFBPs), as failure to do so may lead to sanctions......»»
SEC to share data with more government agencies
The Securities and Exchange Commission (SEC) is teaming up with more government agencies to boost efforts to combat money laundering and terrorism financing......»»
ED attaches assets under PMLA in Kamla Landmarc case
Mumbai (Maharashtra) [India], February 29 (ANI): The Directorate of Enforcement (ED), Mumbai, has issued two provisional attachment orders under the provisions of Prevention of Money Laundering Act (PMLA), 2002, attaching assets worth Rs. 48.67 crore of Jitendra Jain, Director in various partnership firms and private companies owned by Kamala Landmarc Group of companies and assets worth Rs. 15.29 Crore of Parvath Shetty,.....»»
ED attaches assets under PMLA in Kamla Landmarc case
Mumbai (Maharashtra) [India], February 29 (ANI): The Directorate of Enforcement (ED), Mumbai, has issued two provisional attachment orders under the provisions of Prevention of Money Laundering Act (PMLA), 2002, attaching assets worth Rs. 48.67 crore of Jitendra Jain, Director in various partnership firms and private companies owned by Kamala Landmarc Group of companies and assets worth Rs. 15.29 Crore of Parvath Shetty,.....»»
EDITORIAL Stuck in the gray list
While moving heaven and Earth to amend the Constitution ostensibly to attract more foreign investments, the government is taking its sweet time getting out of the so-called gray list of jurisdictions under increased monitoring for money laundering and counterterrorist financing......»»
Euromoney recognizes Metrobank as Best Bank for Ultra High-Net-Worth Filipinos
Metropolitan Bank & Trust Co. (Metrobank) remains the preferred bank for affluent Filipinos as it receives the Best Bank for Ultra High-Net-Worth (UHNW) award at the Euromoney Global Private Banking Awards 2024......»»
BPI sells shares in GoTyme Bank
The Bank of the Philippine Islands sold its 752 million common shares of GoTyme Bank Corp. to GoTyme Financial Pte. Ltd. and Giga Investment Holdings Pte. Ltd, the bank said yesterday......»»
45 crore Jan Dhan accounts have accumulated Rs 2.1 lakh crore: Anurag Thakur
New Delhi [India], February 17 (ANI): Union Minister Anurag Thakur on Friday inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank and asserted that under the Jan Dhan scheme around 45 crore bank accounts have been opened. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price. Reca.....»»
45 crore Jan Dhan accounts have accumulated Rs 2.1 lakh crore: Anurag Thakur
New Delhi [India], February 17 (ANI): Union Minister Anurag Thakur on Friday inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank and asserted that under the Jan Dhan scheme around 45 crore bank accounts have been opened. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price. Reca.....»»
Guilty Verdict in High-Profile Kazakhstan Domestic Violence and Murder Case
A Kazakh court has delivered a guilty verdict in the high-profile trial of the country's former economy minister, Kuandyk Bishimbayev. On May 13, the court found Bishimbayev guilty of the torment and murder with extreme cruelty of his partner Saltanat Nukenova and sentenced him to 24 years in a maximum-security prison. Murder with extreme cruelty carries a maximum sentence of life imprisonment, while torment carries a.....»»
Vhong Navarro turns emotional after Deniece Cornejo, Cedrick Lee, others found guilty
Kapamilya host Vhong Navarro turned emotional after the court sentenced Cedrick Lee, Deniece Cornejo and two others "guilty beyond reasonable doubt" for the serious illegal detention for ransom case that Vhong filed......»»
Cedric Lee, Deniece Cornejo ‘guilty’ in Vhong Navarro illegal detention for ransom case
Cedric Lee, Deniece Cornejo ‘guilty’ in Vhong Navarro illegal detention for ransom case.....»»
‘Squid Game’ star O Yeong-su ‘guilty’ sa kasong sexual misconduct
NAPATUNAYANG “guilty” o may pagkakasala sa kasong sexual misconduct ang sikat na “Squid Game” actor na si O Yeong-su. Kinumpirma ito mismo ng local court noong March 15 matapos siyang sampahan ng reklamo kaugnay sa pananakit niya sa isang babae noong 2017. Base sa report ng Suwon District Court, naganap ang insidente nang manatili ang.....»»
SC: Lorraine Badoy guilty of indirect contempt for red tagging judge
MANILA, Philippines — Loraine Badoy-Partosa, former spokesperson of the government’s anti-insurgency task force, has been found guilty by the Supreme Court (SC) of indirect contempt for red-tagging a Manila Regional Trial Court (RTC) judge. Badoy was ordered to pay a fine of P30,000 and warned against repeating the same or similar acts in the future,.....»»