Special Investigation Team (SIT) Asks DRI to Verify if $ 505 Billion Left the Country Between 2004–2013 ; Sit to take Further Necessary Action After Receipt of Report From DRI

Special Investigation Team (SIT) Asks DRI to Verify if $ 505 Billion Left the Country Between 2004–2013 ; Sit to take Further Necessary Action After Receipt of Report From DRI https://www.taxtmi.com/news?id=15646 SIT identifies Trade Based Money Laundering as a principal channel for illicit outflows and recommends a dedicated institutional mechanism to examine export-import data mismatches and cross check commodity prices. The SIT obtained country wise calculations from an independent report estimating illicit financial flows for 2004-2013 and sent those details to the revenue intelligence agency on 8 February 2016 for verification; further action by the SIT will follow receipt of that verification report. en-us Mon, 15 Feb 2016 17:06:34 +0530 Mon, 15 Feb 2016 17:06:34 +0530 TaxTMI RSS Generator Special Investigation Team (SIT) Asks DRI to Verify if $ 505 Billion Left the Country Between 2004–2013 ; Sit to take Further Necessary Action After Receipt of Report From DRI https://www.taxtmi.com/news?id=15646 SIT identifies Trade Based Money Laundering as a principal channel for illicit outflows and recommends a dedicated institutional mechanism to examine export-import data mismatches and cross check commodity prices. The SIT obtained country wise calculations from an independent report estimating illicit financial flows for 2004-2013 and sent those details to the revenue intelligence agency on 8 February 2016 for verification; further action by the SIT will follow receipt of that verification report. News - Mon, 15 Feb 2016 17:06:34 +0530 https://www.taxtmi.com/news?id=15646