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Bharti Airtel under ED scanner for money laundering
The Enforcement Directorate is probing telecom service provider Bharti Airtel for money laundering, Parliament was informed Tuesday. "Directorate of Enforcement is investigating cases under the provisions of Prevention of Money Laundering Act, 2002 and Foreign Exchange Management Act, 1999 involving Bharti Airtel," S.S. Palanimanickam, Minister of State in the Ministry of Finance, said in a written

Money laundering cases hit record in Switzerland

Switzerland said on Monday its money laundering monitoring agency received a record number of ‘suspicious activity reports’, involving the highest ever amount of over $3.2 billion in

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Panel moots Sebi-RBI mechanism to track foreign fund flows

The parliamentary standing committee on finance has proposed a Securities and Exchange Board of India (Sebi) and Reserve Bank of India (RBI) co-ordination mechanism to monitor foreign investments

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U.S. documents allege HSBC money-laundering lapses

In April 2003, the Federal Reserve Bank of New York and New York state bank regulators cracked the whip on HSBC Bank USA, ordering it to do a better job of policing itself for suspicious money flows.

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7 indicted in toy firm's alleged drug money scheme
Five people were arrested Monday in a money laundering scheme that allegedly funneled millions of dollars in Colombian and Mexican drug money through an American toy company, federal officials said.

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UN launches anti-human trafficking drive in Portugal
A United Nations' public awareness campaign against human trafficking has been launched in Portugal.

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