https://www.taxtmi.com/news?id=48078 The investigation alleges widespread non-compliance with anti-money-laundering obligations: branches failed to file Suspicious Transaction Reports, neglected Customer Due Diligence and Enhanced Due Diligence on high-risk accounts, and omitted address verification. Middlemen and banking correspondents are accused of procuring accounts-sometimes with forged documents or without consent-into which illicit proceeds from digital frauds were routed, prompting an FIR naming multiple accused and arrests for alleged complicity in operating a large mule-account laundering network. en-us Tue, 01 Jul 2025 00:01:03 +0530 Tue, 01 Jul 2025 00:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=48078 The investigation alleges widespread non-compliance with anti-money-laundering obligations: branches failed to file Suspicious Transaction Reports, neglected Customer Due Diligence and Enhanced Due Diligence on high-risk accounts, and omitted address verification. Middlemen and banking correspondents are accused of procuring accounts-sometimes with forged documents or without consent-into which illicit proceeds from digital frauds were routed, prompting an FIR naming multiple accused and arrests for alleged complicity in operating a large mule-account laundering network. News - Tue, 01 Jul 2025 00:01:03 +0530 https://www.taxtmi.com/news?id=48078