Page-9 of Crime

Union Cabinet approves establishment of NFRA to oversee auditors

The Union Cabinet has approved the establishment of National Financial Reporting Authority (NFRA). The NFRA will act as an independent regulator for the auditing profession which was one of the key changes brought in by the Companies Act 2013. The ..

China elected as vice-president of Financial Action Task Force

China has been elected as the vice-president of the Financial Action Task Force (FATF) at the plenary meeting in Paris on February 23, 2018. In its plenary meeting, the FATF placed Pakistan under “grey list” to monitoring in its International ..

India sgns pacts with UK on illegal migrants’ return

India and the United Kingdom (UK) have recently signed two agreements on return of Indians, who are living in Britain as illegal migrants and sharing criminal records and intelligence. The development comes close on heels of India seeking UK’s help ..

Amardeep Singh Bhatia to be new director of Serious Fraud Investigation Office (SFIO)

Amardeep Singh Bhatia, a 1993 batch IAS officer of Nagaland cadre, will be the new director of Serious Fraud Investigation Office (SFIO). The SFIO is a fraud investigating agency in India, under the jurisdiction of the Ministry of Corporate Affairs, ..

Union Government reconstituted Multi-Agency Group (MAG) to probe into cases of Paradise Papers

The Union Government has reconstituted Multi-Agency Group (MAG) to probe into cases of Paradise Papers, which is also probing the Panama Papers leak. The reconstituted MAG headed by the Sushil Chandra, the Chairman of Central Board of Direct Taxes (CBDT), ..

Ministry of Corporate Affairs signed an MoU with Central Board of Direct Taxes (CBDT) for automatic and regular exchange of information

The Union Ministry of Corporate Affairs (MCA) and Central Board of Direct Taxes (CBDT) have signed a MoU for automatic and regular exchange of information to curb the menace of shell companies, money laundering and black money in the country. ..