Bombay Stock Exchange has instituted new system Suspicious Transaction Reports (STRs) for reporting suspicious trades in order to check money laundering through stock markets. The national stock exchange...
Union Government has notified the compliance window for black money disclosure under the Black Money (Undisclosed Foreign Income and Asset) and Imposition of Tax Act, 2015. The notified...
The Reserve Bank of India (RBI) has extended the date to exchange pre-2005 bank notes till December 31, 2015 for third time. Earlier in December 2014, RBI had...
India has joined the Multilateral Competent Authority Agreement (MCAA) on Automatic Exchange of Financial Account Information (AEOI). The new global standards has wide in scope and oblige the...
Union Cabinet has given its approval to Benami Transactions (Prohibition) (Amendment) Bill, 2015. The Bill seeks to amend the Benami Transactions (Prohibition) Act, 1988 by adding additional provisions...
Lok Sabha on 11 May 2015 passed Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 by a voice vote. The bill seeks to deal with the...
Union Cabinet has cleared the black money bill to curb the menace of black money in the country. Decision in this regard was taken at the cabinet meeting...
As per recently released Global Financial Integrity’s (GFI’s) 2014 Annual Global Update on Illicit Financial Flows report has placed India on third rank on black money list. Key...
The Centre has submitted a list of people having illegal accounts in foreign banks to the Supreme Court (SC), who handed it over to the SC appointed SIT...
