Tag: prevention of money laundering act
Posted in Economy
aadhaar: FinMin permits 22 finance cos to undertake Aadhaar-based verification of clients
The Finance Ministry has allowed 22 financial companies, including Amazon Pay (India) and Hero FinCorp, to undertake Aadhaar-based authentication of clients. The ministry, through a…
Posted in Economy
benami: Taxman has a ‘benami’ key to exhume deals assumed long done and dusted
Old deals – sharp, shady as well as kosher – are coming under the lens, unsettling many who had overlooked a provision of the Benami…
Posted in Economy
Finance Ministry tightens definition of beneficial ownership under PMLA
The government has tightened the definition of beneficial ownership under the anti-money laundering law and made it compulsory for non-profit organisations to maintain the records…