Category: Money Laundering

Money Laundering

‘Investigation Still Ongoing On N4

An operative of the Economic and Financial Crimes Commission (EFCC), Shuaibu Shehu on Friday told the Federal High Court in Lagos that the sum of N4.6 billion allegedly diverted to finance the presidential campaign of former president, Goodluck Jonathan is still under investigation. Shehu made this disclosure at the ongoing trial of a former minister…

Explained: PMLA 2002, The Law To Combat Menace Of Money

Trinamool Congress leader and the former head of the West Bengal Board of Primary Education, Manik Bhattacharya, recently asked the Supreme Court to invalidate the Enforcement Directorate’s (ED) detention of him based on suspicion of money laundering in connection with alleged involvement in the 2014 Teachers Eligibility Test, which was used to hire primary school…

AUSTRAC hardens frontlines against dirty money

As a regulator AUSTRAC has not wavered in ensuring that businesses are fulfilling their statutory obligations, with visible enforcement and significant penalties. Investigations into Crown, Star, SkyCity and Entain are ongoing, with more to be announced in coming weeks. One wonders what more it will take for the message to get through.The inherently sensitive nature…

Money changers and launderers

“Where two or three are gathered, an offering must be collected”. To be a successful pastor, you have to learn the tricks of the trade. This has nothing to do with preaching insightful and inspiring messages. Neither does it have to do with ministering to the spiritual needs of the members of the church. The…

ED attaches over Rs 1,300 cr worth assets in money

The Enforcement Directorate has attached assets worth more than Rs 1,317 crore of real estate group IREO, its managing director and vice president Lalit Goyal and associated entities as part of a money laundering investigation. The attached properties include land, commercial spaces, plots, residential houses and bank accounts, the federal agency said in a statement…

Anti-Money Laundering (AML) Software Market Size, Historical Growth, Analysis, Opportunities

The Global Anti-Money Laundering (AML) Software Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2022-2028. The Anti-Money Laundering (AML) Software Market report is a valuable source of insightful data for business strategists. It offers the industry overview with growth analysis and historical & futuristic cost, revenue, demand, SWOT analysis, and supply data (as applicable). The report…