Money Laundering

The goal of many criminal acts is to generate profit for the individual or group committing the crime. Money laundering involves processing these criminal p...

A person shall be guilty of the offence of money laundering if they are found to have directly or indirectly attempted to engage in, knowingly assisted with...

Money laundering is the process of concealing the illicit origin of criminal proceeds, while terrorist financing involves the collection or provision of fun...

The potential social and political costs of money laundering, if left unchecked or addressed ineffectively, are significant. Organized crime can infiltrate ...

AML/CFT is important for the following reasons: To protect the financial system. To prevent criminals from profiting from the proceeds of crime. To prev...

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

Many methods used by criminals to launder money or finance terrorism involve leveraging the financial system to transfer funds. Financial institutions, part...

"Know Your Customer" (KYC) is the guiding principle behind Anti-Money Laundering (AML) measures. It incorporates KYC standards and AML measures, h...

1. What does this have to do with opening a Trading/Demat account? The first step in the money laundering process for criminals is to deposit their illicit...