Allegations that individuals in India’s private financial sector have been advising clients to launder money through the selling of gold coins and wealth management products have prompted the Reserve Bank of India (RBI) to launch a probe into domestic banks in the region. The investigation was triggered by local reports based on video clips that illustrated the promotion of tax…
Banks face RBI probe into gold coin money laundering activities
20 March 2013
Share article
Share article
Related News

HNWIs face wider generational divide: Lee Wong of Lombard Odier
2 August 2022

Five ESG trends in India that private banks need to know about
28 July 2022

Standard Chartered appoints new PB head for India
15 July 2022

HNWIs like the institutional way of managing money: PGIM CEO
14 July 2022

Movers & Shakers – Private banks turn more selective as 2H22 looms
21 June 2022

Major Fed rate hike: Where three money managers are putting their money
5 May 2022

Asia-Pacific accounts for bulk of net new money: Claudio de Sanctis of Deutsche Bank IPB
19 April 2022

“Money doesn’t lie”: Raffles founder on Hong Kong’s future as a family office hub
28 March 2022