https://www.taxtmi.com/news?id=11635 Under the Prevention of Money Laundering Act, banks and financial institutions must report suspicious transactions to the financial intelligence authority, which uses an electronic STR filing and analysis system and disseminates analysed information to intelligence and law enforcement agencies. Disseminated information may not always produce tax-evasion detections, and no separate record is kept by the authority of tax evasion outcomes resulting from its disclosures. Interagency coordination occurs via Economic Intelligence Council mechanisms. en-us Fri, 30 Aug 2013 18:29:47 +0530 Fri, 30 Aug 2013 18:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11635 Under the Prevention of Money Laundering Act, banks and financial institutions must report suspicious transactions to the financial intelligence authority, which uses an electronic STR filing and analysis system and disseminates analysed information to intelligence and law enforcement agencies. Disseminated information may not always produce tax-evasion detections, and no separate record is kept by the authority of tax evasion outcomes resulting from its disclosures. Interagency coordination occurs via Economic Intelligence Council mechanisms. News - Fri, 30 Aug 2013 18:29:47 +0530 https://www.taxtmi.com/news?id=11635