Page-3 of Financial regulation
Money Laundering: Meaning, Prevention and Laws
Money laundering is the process by which large amounts of illegally obtained is given the appearance of having originated from a legitimate source. So basically, all the ways to convert the black money into white money are Money laundering. But in Money laundering, the ..
RBI promotes info sharing, inks MoU with Financial Regulators of 9 countries
The RBI with the aim to promote co-operation in information sharing b/w regulators, inked 3 MoUs with financial regulators of nine countries. The newly signed are with: Jersey Financial Services Commission (JFSC) Financial Services Authority of UK Financial Supervisory Authority ..
Month: Current Affairs - August, 2012
India inks agreement with EAG to counter terrorist financing
India signed an agreement with the Eurasian Group (EAG) to inter-alia enhance cooperation in the areas of money laundering and terrorist financing. The Cabinet had approved the agreement earlier this month. A six-member Indian delegation led by Dr Mathew attended ..
Month: Current Affairs - January, 2012
Delhi : Important Supreme Court Verdict on General Power of Attorney
What is a Power of Attorney? A power of attorney refers to a written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter. Its a legal instrument whereby one person gives another ..
Month: Current Affairs - December, 2011
Homogeneous KYC Regulation norms by Nov’11
SEBI to come out by Nov’11 Homogenous norms for setting up a uniform Know Your Customer (KYC) Regulation Authority. It will relieve the burden comparable on the intermediaries as well as the common man, seeking to make investments. This mechanism ..