Illegal Financiers
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UNODC Proposes Penalties for Unlicensed Crypto Firms in Southeast Asia to Combat Growing Cyber Fraud
In response to the surge in cyber fraud across Southeast Asia, the UNODC has recommended penalizing unlicensed crypto firms, which are being exploited by money launderers to enable illegal transactions. The report emphasizes the need for authorities to "identify and prevent" unregulated and unlicensed Virtual Asset Service Providers (VASPs), partic...
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Financial Intelligence Unit Imposes Penalty of Over Rs. 5 Crore on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country's finance ministry said.
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Paytm Bank Fined Over Rs 5 Crore For Financial Violations
Paytm Payments Bank has been fined Rs 5.49 crore over violations in reporting illegal money routed through its accounts.
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"Operating Illegally": Centre Issues Notices To 9 Offshore Crypto Platforms
As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs).
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Special Team To Probe Mahadev App Promoters' Transactions With Firms: D Fadnavis
Devendra Fadnavis said that a special investigation team (SIT) has been formed to probe alleged illegal transactions between certain financial and real estate firms in the state and the promoters of the controversial Mahadev betting app.
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UK Financial Watchdog Stops 26 More Illegal Cryptocurrency ‘Machines’
Britain's Financial Conduct Authority said on Tuesday it has stopped 26 machines across the country for illegally offering cryptocurrencies, warning consumers they could lose all of their money.
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2 Jammu And Kashmir Madrasas Sealed Over Alleged Foreign Funding Violations
Two Islamic seminaries in Jammu and Kashmir's Kishtwar district were sealed and taken over by the administration for alleged illegal financial transactions, officials said.
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Xiaomi's Appeal for Relief Over $676 Million Asset Freeze Declined by Karnataka High Court
An Indian court on Thursday declined to lift a freeze on Xiaomi's $676 million (nearly Rs. 5,500 crore) worth of assets, even as the Chinese smartphone group said this enforcement action had "effectively halted" its operations in its key Indian market. India's federal financial crime agency, the Enforcement Directorate (ED), froze Rs. 5,551 crore o...
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Government Asks News Sites, TV Channels, OTT Platforms to Refrain From Showing Offshore Betting Site Ads
The Ministry of Information and Broadcasting on Monday issued two advisories advising private television channels as well as digital news publishers and OTT platforms to refrain from showing advertisements of offshore online betting sites and surrogate advertisements of these sites. The advisories were supplemented with evidence which contained dir...
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Xiaomi Feels Disappointed by ED Order to Seize Assets, Says Will Continue to Protect Reputation
Xiaomi on Sunday said it was "disappointed" with an Indian order that froze $682 million (nearly Rs. 55,800 crore) of its assets and would continue to protect its interests. An Indian appellate authority on Friday confirmed an April order by India's federal financial crime fighting agency, the Enforcement Directorate, to seize Rs. 5,551 crore, sayi...
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KuCoin, Coinex Among 16 Crypto Exchanges Being Probed in South Korea Over Illegal Operations
South Korean authorities have opened a probe on 16 crypto exchanges for ‘illegally operating’ in the country. These exchanges include Kucoin, MEXC, Phemex, XT.com, Bitrue, ZB.com, Bitglobal, Coinw, Coinex, AAX, Zoomex, Poloniex, BTCEX, BTCC, Digifinex, and Pionex.
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Indian Bank Hiring Rule On Pregnant Women "Illegal": Delhi Women's Panel
Delhi Commission for Women (DCW) Chairperson Swati Maliwal has issued a notice to Indian Bank today, seeking withdrawal of its "new recruitment rules" which denies immediate joining to a woman who is three or more months pregnant.
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600 Illegal Lending Apps Found By RBI. Details here
RBI Governor Shaktikanta Das had said last week that most of the lending apps are unregistered
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Refrain From Advertising Online Betting Platforms: I&B Ministry to Print, Electronic, Digital Media
The Information and Broadcasting Ministry on Monday advised the print, electronic and digital media to refrain from advertising online betting platforms, saying betting and gambling are illegal in "most parts" of the country and pose significant financial and socio-economic risk for consumers.
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"Pose Financial Risk": Centre's Advisory On Online Betting Advertisements
The Information and Broadcasting Ministry advised the print, electronic and digital media to refrain from advertising online betting platforms, saying betting and gambling are illegal in "most parts" of the country.
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UNODC Proposes Penalties for Unlicensed Crypto Firms in Southeast Asia to Combat Growing Cyber Fraud
In response to the surge in cyber fraud across Southeast Asia, the UNODC has recommended penalizing unlicensed crypto firms, which are being exploited by money launderers to enable illegal transactions. The report emphasizes the need for authorities to "identify and prevent" unregulated and unlicensed Virtual Asset Service Providers (VASPs), partic...
-
Financial Intelligence Unit Imposes Penalty of Over Rs. 5 Crore on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country's finance ministry said.
-
Paytm Bank Fined Over Rs 5 Crore For Financial Violations
Paytm Payments Bank has been fined Rs 5.49 crore over violations in reporting illegal money routed through its accounts.
-
"Operating Illegally": Centre Issues Notices To 9 Offshore Crypto Platforms
As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs).
-
Special Team To Probe Mahadev App Promoters' Transactions With Firms: D Fadnavis
Devendra Fadnavis said that a special investigation team (SIT) has been formed to probe alleged illegal transactions between certain financial and real estate firms in the state and the promoters of the controversial Mahadev betting app.
-
UK Financial Watchdog Stops 26 More Illegal Cryptocurrency ‘Machines’
Britain's Financial Conduct Authority said on Tuesday it has stopped 26 machines across the country for illegally offering cryptocurrencies, warning consumers they could lose all of their money.
-
2 Jammu And Kashmir Madrasas Sealed Over Alleged Foreign Funding Violations
Two Islamic seminaries in Jammu and Kashmir's Kishtwar district were sealed and taken over by the administration for alleged illegal financial transactions, officials said.
-
Xiaomi's Appeal for Relief Over $676 Million Asset Freeze Declined by Karnataka High Court
An Indian court on Thursday declined to lift a freeze on Xiaomi's $676 million (nearly Rs. 5,500 crore) worth of assets, even as the Chinese smartphone group said this enforcement action had "effectively halted" its operations in its key Indian market. India's federal financial crime agency, the Enforcement Directorate (ED), froze Rs. 5,551 crore o...
-
Government Asks News Sites, TV Channels, OTT Platforms to Refrain From Showing Offshore Betting Site Ads
The Ministry of Information and Broadcasting on Monday issued two advisories advising private television channels as well as digital news publishers and OTT platforms to refrain from showing advertisements of offshore online betting sites and surrogate advertisements of these sites. The advisories were supplemented with evidence which contained dir...
-
Xiaomi Feels Disappointed by ED Order to Seize Assets, Says Will Continue to Protect Reputation
Xiaomi on Sunday said it was "disappointed" with an Indian order that froze $682 million (nearly Rs. 55,800 crore) of its assets and would continue to protect its interests. An Indian appellate authority on Friday confirmed an April order by India's federal financial crime fighting agency, the Enforcement Directorate, to seize Rs. 5,551 crore, sayi...
-
KuCoin, Coinex Among 16 Crypto Exchanges Being Probed in South Korea Over Illegal Operations
South Korean authorities have opened a probe on 16 crypto exchanges for ‘illegally operating’ in the country. These exchanges include Kucoin, MEXC, Phemex, XT.com, Bitrue, ZB.com, Bitglobal, Coinw, Coinex, AAX, Zoomex, Poloniex, BTCEX, BTCC, Digifinex, and Pionex.
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Indian Bank Hiring Rule On Pregnant Women "Illegal": Delhi Women's Panel
Delhi Commission for Women (DCW) Chairperson Swati Maliwal has issued a notice to Indian Bank today, seeking withdrawal of its "new recruitment rules" which denies immediate joining to a woman who is three or more months pregnant.
-
600 Illegal Lending Apps Found By RBI. Details here
RBI Governor Shaktikanta Das had said last week that most of the lending apps are unregistered
-
Refrain From Advertising Online Betting Platforms: I&B Ministry to Print, Electronic, Digital Media
The Information and Broadcasting Ministry on Monday advised the print, electronic and digital media to refrain from advertising online betting platforms, saying betting and gambling are illegal in "most parts" of the country and pose significant financial and socio-economic risk for consumers.
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"Pose Financial Risk": Centre's Advisory On Online Betting Advertisements
The Information and Broadcasting Ministry advised the print, electronic and digital media to refrain from advertising online betting platforms, saying betting and gambling are illegal in "most parts" of the country.
