Banks must record transactions of politically exposed persons: Centre

[ad_1] Representational photo New Delhi: Centre has amended the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, making it mandatory for banks and financial institutions to record financial transactions of politically exposed persons (PEPs). The amendments, which came into effect from March 7 onwards, also mandate that financial institutions willContinue Reading

Blinken meets Wang Yi in Munich, says Chinese balloon programme ‘exposed’ to world

[ad_1] Washington: Amidst strained ties over an alleged Chinese spy balloon, US Secretary of State Antony Blinken on Saturday met his Chinese counterpart Wang Yi and raised “the unacceptable” violation of American sovereignty and warned that Beijing’s material support to Moscow over Ukrainian war would attract sanctions. The meeting onContinue Reading