The Enforcement Department announced on Saturday that it had seized ₹5,551.27 crore owned by Xiaomi Technology India Pvt Ltd – a “wholly-owned subsidiary of the China-based Xiaomi Group” – under the provisions of the Foreign Exchange Management Act 1999. The polling firm said that the money was in bank accountsRead More →

WASHINGTON — The Justice Department filed a lawsuit Thursday against Donald Trump’s former campaign chairman Paul Manafort — who was found guilty in Special Counsel Robert Mueller’s Russia investigation and later pardoned. later – seeking to recover nearly $3 million from undeclared foreign bank accounts. The lawsuit, filed in federalRead More →

European banks can apply lighter anti-money laundering checks to Ukrainian refugees to ensure they can open basic bank accounts, the EU banking regulator said on Wednesday. Banks and supervisors should ensure that refugees can access the EU financial system without having to zealously comply with anti-money laundering rules, the EuropeanRead More →

KUALA LUMPUR (April 20): Struggling lingerie maker Caely Holdings Bhd, which saw the Malaysian Anti-Corruption Commission (MACC) issue a freezing order on all operational bank accounts of the company and its subsidiaries , said it understands stakeholder concerns and is working as quickly as possible to resolve any issues arisingRead More →

They were accused of fraudulently using false documents as genuine, namely bank statements submitted to the Sabah State Department of Education to obtain a tender to provide ready meals to schools under the ministry. of Education in several districts of the State. — Stock Photo iStock KOTA KINABALU, April 19Read More →

The old saying goes, “You can’t take it with you,” but the question remains: what happens to the bank accounts you leave behind? The answer depends on a few factors, including whether the account is a joint account, whether there is a will, and whether a beneficiary is named. ForRead More →