Black money menace: Swiss banks tighten customer due diligence
Facing possible criminal action by India and some other nations over suspected black money, Swiss banks today decided to tighten their due diligence procedures to keep away illicit assets and made it mandatory to identify the beneficial owner of funds parked with them.
Jun 30, 2015, 21:13 PM IST
Short window to declare overseas assets under black money law
The Union Cabinet last night approved the Undisclosed Foreign Income and Assets (Imposition of New Tax) Bill, 2015 with a view to put in place a legal framework to unearth black money and illicit assets stashed abroad.
Mar 18, 2015, 16:30 PM IST
