Money Laundering

The goal of many criminal acts is to generate a profit for the individual or group that carries out the act. Money laundering is the processing of these cri...

a person shall be guilty of offence of money-laundering if such person is found to have directly or indirectly attempted to indulge or knowingly assisted ...

Money laundering is the process of concealing the illicit origin of proceeds of crimes. Terrorist financing is the collection or the provision of funds for ...

The possible social and political costs of money laundering, if left unchecked or dealt with ineffectively, are serious. Organised crime can infiltrate fina...

AML/CFT is important for following reasons: · To protect the financial system; · To prevent criminals from enjoying the proceeds of crimes; · To prevent ...

There is an Act called Prevention of Money Laundering Act 2002 (PMLA). The purpose of this act is to prevent the financing of terrorism and to prevent laund...

Many of the methods applied by criminals to launder money or finance terrorism involve the use of the financial system to transfer funds. Financial institut...

Know Your Customer " (KYC) is the guiding principle behind the Anti-Money Laundering (AML) measures. It incorporates the " Know Your Customer &quo...

a.       What has this got to do with opening Trading/Demat account? The first step in the laundering process for criminals is to get their money into an ac...