Customer due diligence is the process of collecting and evaluating relevant information about a customer or potential customer by financial... View Article
Smurfing is a money-laundering technique that involves the structuring of large amounts of cash into multiple small transactions. This is done in... View Article
Money laundering is the process of creating the appearance that large amounts of money obtained from criminal activity, such as drug trafficking... View Article
The main objectives of the Prevention of Money Laundering Act are : To prevent and control money laundering To confiscate and seize the... View Article
The purview of Prevention of Money Laundering Act: Special Courts have been set up in a number of States / UTs by the Central Government to... View Article
Important provisions of the Prevention of money laundering Act, 2002: PMLA defines the offence of money laundering as whosoever directly or... View Article
The Prevention of Money Laundering Act (PMLA), 2002 was enacted in January 2003 to prevent money laundering and to provide for confiscation of... View Article
Under Benami Transactions Prohibition Amendment Act, 2016; any person who furnishes false information or document is punishable with rigorous... View Article
The ostensible proprietor is not the genuine owner of a property. He just addresses himself out as a genuine owner to the outsiders. Such an... View Article
The Initiating officer deals with the Benami Property and Transactions. Roles and functions of initiating officer: He/she shall have reason to... View Article
In a Benami transaction, a property is transferred or held by one person(say X) and the consideration for such property is paid by another person... View Article
Benami transactions were not illegal in India before the 1988 Act and there was no punishment or bar for entering into Benami transactions. The... View Article
According to The Benami Transactions (Prohibition) Act, 1988; Benami transaction means any transaction in which property is transferred to one... View Article
Pen Chao (also known as Ban Chao) was the Chinese general who was successful in defeating Kanishka. As per the book of the Later Han Dynasty, Hou... View Article
Kanishka, also known as Kanishka the Great, is referred to as a second Ashoka due to his role in the propagation of Buddhism. Due to his... View Article
The Kushan Empire was administered from two capitals. One was Purushapura (modern-day Peshawar in Pakistan) and the other from Mathura in... View Article
Jainism was patronised by the Mauryan Emperor Chandragupta. His grandson Ashoka would later go on to patronise Buddhism. Chandragupta Maurya was... View Article
Kanishka was a follower of Buddhism. Known as Kanishka the Great, he was an emperor of the Kushan Empire in the 2nd century AD. He is famous for... View Article
