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	<title>TaxGuru &#187; intelligence unit</title>
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		<title>RBI asked bank and financial institutions to report suspicious deals within 7 days</title>
		<link>http://taxguru.in/rbi/rbi-asked-bank-and-financial-institutions-to-report-suspicious-deals-within-7-days.html</link>
		<comments>http://taxguru.in/rbi/rbi-asked-bank-and-financial-institutions-to-report-suspicious-deals-within-7-days.html#comments</comments>
		<pubDate>Sat, 21 Nov 2009 02:33:07 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[RBI]]></category>
		<category><![CDATA[cash transactions]]></category>
		<category><![CDATA[chief minister]]></category>
		<category><![CDATA[finance ministry]]></category>
		<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[intelligence unit]]></category>
		<category><![CDATA[koda]]></category>
		<category><![CDATA[penal provisions]]></category>
		<category><![CDATA[rbi norms]]></category>
		<category><![CDATA[reserve bank of india]]></category>
		<category><![CDATA[suspicious nature]]></category>
		<category><![CDATA[suspicious transaction]]></category>
		<category><![CDATA[suspicious transactions]]></category>
		<category><![CDATA[transaction report]]></category>
		<category><![CDATA[union bank of india]]></category>

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		<description><![CDATA[The Reserve Bank of India has asked all banks and financial institutions to furnish a suspicious transaction report to the Financial Intelligence Unit-India within seven days of such a transaction, said a notification from the central bank on Thursday. "The report must be furnished within seven days of arriving at a conclusion that a transaction, including attempted transaction, whether or not made in cash, or a series of transaction integrally connected are of suspicious nature," RBI said.]]></description>
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		<title>Govt asked UBI to get all its branches audited for high-value transactions</title>
		<link>http://taxguru.in/finance/govt-asked-ubi-to-get-all-its-branches-audited-for-high-value-transactions.html</link>
		<comments>http://taxguru.in/finance/govt-asked-ubi-to-get-all-its-branches-audited-for-high-value-transactions.html#comments</comments>
		<pubDate>Thu, 19 Nov 2009 01:46:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[cash deposits]]></category>
		<category><![CDATA[cash transactions]]></category>
		<category><![CDATA[chief minister]]></category>
		<category><![CDATA[intelligence unit]]></category>
		<category><![CDATA[Money laundering]]></category>
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		<category><![CDATA[union bank of india]]></category>
		<category><![CDATA[union bank of india ubi]]></category>
		<category><![CDATA[value transactions]]></category>

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		<description><![CDATA[Taking a serious note of Union Bank of India (UBI) not reporting high-value transactions to it, the government has asked the state-owned bank to immediately carry out an audit of all its branches to check for such large deposits that have gone unreported.The Income Tax department, during a probe into alleged money laundering by former Jharkhand chief minister Madhu Koda, had stumbled on a bank account at one of UBI's branches in Zaveri Bazar in Mumbai where approximately Rs214 crore had been deposited in cash between January five and March 30, 2007.]]></description>
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		<title>ICAI Starts Working with Investigating Agencies</title>
		<link>http://taxguru.in/chartered-accountant/icai-has-started-working-with-investigating-agencies.html</link>
		<comments>http://taxguru.in/chartered-accountant/icai-has-started-working-with-investigating-agencies.html#comments</comments>
		<pubDate>Tue, 14 Oct 2008 03:20:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[CA CS ICWA]]></category>
		<category><![CDATA[CBI]]></category>
		<category><![CDATA[central bureau of investigation]]></category>
		<category><![CDATA[financial crimes]]></category>
		<category><![CDATA[financial intelligence]]></category>
		<category><![CDATA[financial statement]]></category>
		<category><![CDATA[financial transactions]]></category>
		<category><![CDATA[ICAI]]></category>
		<category><![CDATA[intelligence unit]]></category>
		<category><![CDATA[INVESTIGATING AGENCIES]]></category>
		<category><![CDATA[oversight committee]]></category>
		<category><![CDATA[regulatory oversight]]></category>

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		<description><![CDATA[Accounting regulator ICAI has started working with investigating agencies under the home ministry and the finance ministry to help them track down the flow of unaccounted money in the economy.]]></description>
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