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Trade-Based Money Laundering: India, Hong Kong bust money laundering racket via diamond trade

Indian and Hong Kong customs collaborated to dismantle a money-laundering network exploiting synthetic diamond imports. Indian traders misrepresented these diamonds as real, exporting overvalued jewellery to Hong Kong. Detected by the Directorate of Revenue Intelligence, the scam involved inflating import values to remit currency overseas. Investigations revealed minimal funds returned from exports, hinting at elaborate money laundering. Despite Indian arrests, Hong Kong entities evaded cooperation, prompting bilateral inquiries into suspected firms, uncovering the scheme s mastermind in Hong Kong. ....

Hong Kong , Hong Kong Based , Revenue Intelligence , Trade Based Money Laundering , Finance Ministry , Synthetic Diamonds , Indian Customs ,

Japan being wooed to set up special economic zones in Cambodia

PHNOM PENH: Cambodia is stepping up discussions with the Japanese on the possibility of investing in the kingdom’s special economic zones (SEZ). During a recent trip to Japan, Prime Minister Hun Manet proposed that Japanese investors examine the possibility of investing in Cambodia-Japan SEZs. ....

Phnom Penh , Hun Manet , Techo Canal , Atsushi Ueno , Sam Soknoeun , Sun Chanthol , Council For The Development Of Cambodia , Royal Group Phnom Penh Special Economic Zone , Global Real Estate Association , Cambodia Investment Forum , Cambodia Chamber , Prime Minister Hun Manet , Real Estate Association , Investment Forum , Lim Heng , Aeon Mall ,

ED probes Surat-based firm on FEMA violation charge

ED probes Surat-based firm on FEMA violation charge
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New Delhi , Rashik Patel , Avadh Harshad Yagnik , Liability Partnership , Foreign Exchange Management Act , Sharanam Jewels , Enforcement Directorate , Surat Based Limited Liability Partnership , Vansh Marketing , India News ,

SEZ Amendment: Floor-Wise Demarcation for IT Businesses

The article discusses the recent notification of the Special Economic Zones (Fifth Amendment) Rules, 2023 providing for floor-wise demarcation of non-processing areas for businesses engaged in Information Technology. ....

Sez Amendment , Special Economic Zones , Special Economic Zones Fifth Amendment Rules , Fox Mandal Solicitors Amp Advocates , Sushant Shetty , Arati Sawant , Disha Malkani , Fox Mandal , Sez Non Processing Areas , Sez Leasing , Special Economic Zones Non Processing Areas , Sez Viewpoint , The Viewpoint , Fox Mandal Viewpoint ,