India’s law enforcement agency seeks details from crypto platforms about alleged forex violations. godbole17 reports.
At issue are possible violations of the Foreign Exchange Management Act 1999 , which outlines formalities and procedures for all foreign exchange transactions in India. The laws main objective was to facilitate external trade and payments and ensure orderly development and maintenance of the Indian forex market. The ED is tasked with ensuring compliance with and probing violations under the FEMA act and the Prevention of Money Laundering Act 2002 .
The renewed focus on alleged FEMA violations comes amid the Indian rupee's continued slide against the U.S. dollar. The INR fell to a new record low of 89.40 per dollar on July 5, bringing the year-to-date decline to 6%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fired Cleveland officer who shot, killed Tamir Rice has new job in law enforcementSamaria Rice, the mother of Tamir Rice, said it’s “pathetic, it’s pitiful, it’s a shame,” after learning about Timothy Loehman’s new job from 19 News.
Read more »
New Report Details The Many Law Enforcement Failures During Uvalde School MassacreThe Advanced Law Enforcement Rapid Response Training report highlights several failures of officers during the shooting that left 19 kids and 2 adults dead.
Read more »
Arizona Governor Doug Ducey signs bill that bans close recording of law enforcementA bill that was signed into law by the Arizona governor on July 6 bans recording law enforcement officials within 8 feet.
Read more »
Bank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks – Regulation Bitcoin News'This underscores the need for enhanced regulatory and law enforcement frameworks to address developments in these markets.' crypto cryptocurrency bitcoin $BTC
Read more »
Report details law enforcement errors at Uvalde shooting, including officer failing to fire at gunmanThe report says delays in taking down the gunman could have meant the difference between life and death for some of the wounded. Uvalde UvaldePolice SanAntonio UvaldeMassacre Texas UvaldeSchoolShooting SATX SanAntonioTX
Read more »
Hack The Police: Here’s How Threat Actors Target Law Enforcement In 2022Law enforcement agencies around the world are getting hacked. Here's how and why.
Read more »