money-laundering

sanjay singh: No purpose will be served by keeping me in custody, AAP’s Sanjay Singh tells court

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sanjay singh: No purpose will be served by keeping me in custody, AAP’s Sanjay Singh tells court

New Delhi, AAP leader Sanjay Singh on Saturday urged a court here to release him, saying no purpose will be served by keeping him in further custody in a money laundering case related to the alleged Delhi excise scam. Singh’s counsel made the submission before Special Judge M K Nagpal during the hearing of his … Read more

CIBC fined $1.3M for failing to comply with money laundering and terrorist financing rules

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CIBC fined .3M for failing to comply with money laundering and terrorist financing rules

Canada’s financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures. The penalty is the second the Financial Transactions and Reports Analysis Centre of Canada has announced this week after RBC’s $7.4-million fine was publicized on Tuesday. The agency, known as Fintrac, says it … Read more