INTERNATIONAL HAWALA TRANSACTIONS

In the world of gold smuggling in Kerala, intricate schemes unfold, often involving carriers from the UAE, rival gangs, and strategic maneuvers to avoid detection. This illicit trade, deeply rooted in gang rivalry and hawala transactions, thrives al...

Arvind Kejriwal, who was summoned by the ED in connection with its ongoing money-laundering probe in the Delhi excise policy case, has written to the agency alleging that the summons was illegal and politically motivated. As per available informatio...

The withdrawal of 2000 rupee notes in India has led to some visiting temples and religious institutions in order to change the notes into smaller denominations, as these establishments are authorised to receive anonymous donations. However, analysts...

The European payment system recently did a trial linkup with Malaysia and Singapore under the Bank for International Settlements’ Nexus protocol, designed to transfer funds between bank accounts in different countries under 60 seconds. Meanwhile, th...

It will discuss diverse subjects like global trends in terrorism and terrorist financing, use of formal and informal channels of funds for terrorism, emerging technologies and terrorist financing and international cooperation to address challenges i...

Shiv Sena spokesperson and Rajya Sabha MP Sanjay Raut had told reporters on the day of the raids that the I-T department action was conducted with an ulterior motive to malign the party and with an eye on the upcoming Mumbai civic body elections.

The central probe agency said it has filed a prosecution complaint or charge sheet against Jain and others under criminal sections of the Prevention of Money Laundering Act (PMLA) before a special court here on October 28.

The case is linked to alleged dubious transactions worth over Rs 1 lakh crore made using over 550 shell firms over the last few years. The accused was produced before Additional Sessions Judge Rajesh Malik on expiry of his nine day ED custody.

The ED made the allegations in a charge sheet filed against Qureshi in a special court here yesterday. He is at present in jail.

There are static surveillance teams that check entry of fake Indian currency, mainly in states like West Bengal and Assam that have international borders.

The Enforcement Directorate has busted a hawala network in Ahmedabad which had allegedly laundered more than Rs 10,000 crore.

That apart, at 200 gm, it will be much smaller than the existing kilo gold contract on MCX. The base quote will be the same at 10 gms.

A Delhi court today allowed a plea of Enforcement Directorate (ED) seeking transit remand of an accused arrested here in connection with its probe into alleged multi-crore hawala and money laundering in betting in IPL and international cricket match...

The court allowed the agency's plea for transit remand of the two accused and directed it to produce them before the court concerned in Gujarat on or before May 13.

Generated through out-of-book transactions, under-reporting and market manipulation, black money distorts India’s financial regime.

ED will soon approach Middle-East countries and Hong Kong for obtaining details of illegal payments made overseas in connection with the Rs 700 crore Surat diamonds Hawala case.

India has seen "quite a few cases" of hawala funds coming in from abroad for terrorist organisations, while such cross-border fund transfers are also taking place for tax frauds, global inter-governmental body FATF said.

At the bottom of hawala is compelling business logic. When India banned gold imports and it had to be smuggled to meet local demand, businessmen had a problem.

The Reserve Bank is also considering serious measures to curb illegal money transfers by imposing a new set of guidelines and stepping up surveillance and investigations.