https://www.taxtmi.com/news?id=17438 Enforcement agencies have recorded bank employee involvement in money laundering and irregular exchange transactions during the post-demonetisation phase, and investigations have been initiated under the Prevention of Money Laundering Act, which provides for attachment of property and prosecution. Public Sector Banks have suspended, transferred staff and filed criminal cases with police/CBI; private banks have suspended employees, opened internal investigations and filed complaints with law enforcement. Banks apply extant disciplinary rules to impose punishment based on the seriousness of misconduct. en-us Tue, 07 Feb 2017 16:49:20 +0530 Tue, 07 Feb 2017 16:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17438 Enforcement agencies have recorded bank employee involvement in money laundering and irregular exchange transactions during the post-demonetisation phase, and investigations have been initiated under the Prevention of Money Laundering Act, which provides for attachment of property and prosecution. Public Sector Banks have suspended, transferred staff and filed criminal cases with police/CBI; private banks have suspended employees, opened internal investigations and filed complaints with law enforcement. Banks apply extant disciplinary rules to impose punishment based on the seriousness of misconduct. News - Tue, 07 Feb 2017 16:49:20 +0530 https://www.taxtmi.com/news?id=17438