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1 6 Mar 2018 The Financial Action Task Force (FATF) is “on the UK soil putting the country through its paces”, according to Fortytwo Data, a specialist anti-money laundering (AML) and big data firm. Such inspections of the UK’s defences against terrorism financing and money laundering by FATF are “relatively rare but hugely important”, Fortytwo Data says, “as negative findings can severely impact the country’s reputation”. The last one was over a decade ago, in June 2007. During the two-week visit, the UK has to prove to officials from some of the other 36 participating FATF countries that it has a framework in place to protect the financial system from abuse. The “top secret” inspectors have an “elaborate assessment methodology” but those involved are not allowed to talk publicly about the visit. Public sector bodies as well as private organisations are inspected. The results will be presented at an FATF Plenary session in October this year. “The UK has been ...

By Economic Times, March 19, 2018, New Delhi The CBI today charged former Chairman-cum-Managing Director R K Dubey and two of the then executive directors of the Canara Bank of cheating and forgery in the alleged loan default of over Rs 68 crore sanctioned in 2013, officials said here.  In its charge sheet filed at special CBI court in Tis Hazari, the CBI has slapped charges of criminal conspiracy, cheating, forgery and provisions of the Prevention of Corruption Act on the then CMD R K Dubey, then executive directors Ashok Kumar Gupta and V S Krishna Kumar, and two directors of the Occasion Silver Pvt Ltd Kapil Gupta and Raj Kumar Gupta, besides the company. The then deputy general manager of the bank Mukesh Mahajan, the then Chief General Manager T Sreekanthan, and the then Assistant General Manager Upendra Dubey have also been charged by the agency, they said.  "The CBI had registered a case on January 27, 2016 on the allegations that the company, dealing in ...