FinCEN Files — Antiques smuggler in Tamil Nadu jail, and a trade that flourished even after his arrest
SEPTEMBER 23, 2020 4:37:59 PM
Transactions of $27.88 million were made between March 2010 and March 2017. The SAR noted: “Art is utilized as a money laundering vehicle and is a red flag which is commonly used to conceal cash.”
FinCEN Files — Cyprus to Isle of Man: Over 100 transactions linked to Max chairman
SEPTEMBER 23, 2020 7:00:09 AM
In two SARs, the bank said that Singapore-based LGO Pte, a company where Analjit Singh is a director, which had an account with the bank, carried out transactions with “unknown entities, located in high-risk jurisdictions.”
FinCEN Files — Delhi, Dubai: US bank red-flags garment export firms under DRI, ED scanner
SEPTEMBER 23, 2020 9:14:13 AM
A money laundering probe against Fatta is also being monitored by the Supreme Court-appointed-Special Investigation Team (SIT) investigating black money stashed abroad.
FinCEN Files — On US radar: India links of Dubai gold major flagged by anti-drugs task force
SEPTEMBER 23, 2020 9:15:06 AM
The SARs highlighted that many of these Indian firms had nothing to do with the gold business. And one of them, records show, figures in the list of top bank-loan defaulters released by the RBI last year.
FinCEN Files | US indictment memo: bribes for Andhra mining permit — and link to ex-Cong MP
SEPTEMBER 23, 2020 9:13:44 AM
According to the indictment, bribes were concealed and transferred through Firtash controlled-Group DF Ltd to various entities using financial institutions in the US.
FinCEN Files — Key agencies alerted on revelations, meeting soon: black money SIT head
SEPTEMBER 23, 2020 9:11:29 AM
“The SIT will convene a meeting in Ahmedabad after giving the relevant agencies some time to examine the disclosures so the matter can be taken forward,” Justice Shah told The Indian Express
FinCEN Files — In alert on shell firms, NY bank flags transfers to Adani from Seychelles
SEPTEMBER 23, 2020 9:11:11 AM
Records show details of several wire transfers totaling $14.46 million being received by the Adani firm from this Seychelles entity.
FinCEN Files — Revealed: how Jindal Steel sent funds abroad, and got them in same period
SEPTEMBER 23, 2020 9:10:17 AM
Between November 24, 2014 and January 28, 2015, JSPL sent $1.799 million to Mauritius-based Trans Global Minerals and Metals Corporation (TGMM) and also sent $1.3 million to Germany-based Oceanwide Services GmbH. During the same period, JSPL received $1.323 million from Dubai-based Power Plant EPC Ltd.
FinCEN Files — Bank reported fraud, UK link of an IPL team sponsor
SEPTEMBER 23, 2020 9:11:51 AM
In 2013, KPH Dream Cricket, which runs Kings XI Punjab, went to court against team sponsor NVD Solar International Ltd for “cheating and duping” them of $3 million in sponsorship fee. The SAR, filed by San Francisco-based Wells Fargo Bank, offers a clue to what went wrong.
FinCEN Files — On US radar: Dawood Ibrahim’s financier, his laundering, funding of Lashkar, Jaish
SEPTEMBER 23, 2020 9:08:01 AM
Khanani’s relationship with Dawood Ibrahim was documented by the US Office of Foreign Assets Control (OFAC) when it issued the sanctions notice against him after his arrest.
FinCEN Files — One more veil lifts: Suspicious bank transactions of Indians red-flagged to top US regulator
SEPTEMBER 23, 2020 9:07:10 AM
From steel major to IPL sponsor, diamond merchants to those under ED, CBI scanner, several Indian individuals and entities have been referred in secret reports by banks to US Treasury’s Financial Crimes Enforcement Network.
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