Next time you are investing in mutual funds, make sure you issue a cheque from your own bank account, as fund houses will soon start rejecting third-party payments. HT Image The move is part of ...

TO OVERCOME frauds and mitigate money laundering, the Association of Mutual Funds in India (AMFI) has instructed mutual fund companies not to accept third-party cheques from 15 November — albeit with ...

What is a third-party cheque? A third-party cheque can be defined as one which has been issued by another person other than the investor himself / herself. Why has it assumed importance now? It has ...

A senior AIB banker bent the rules and allowed lobbyist Frank Dunlop to cash large third-party cheques, which were fictitiously endorsed -- because he was a valued client. "OK, it was a bit irregular, ...