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Money Laundering

Indian Updates for the aspiring students, Certified Anti Moneylaundering Experts (CAME) and Certified TBML Experts on the Money Laundering Rules, Regulations, Enforcements and Transactions.

Global Icons who Laundered proceeds of corruption

According to a first of its kind report on ‘Ascertaining size of corruption in India with respect to money laundering’, an individual spent over Rs 2,000 as a cost of corruption...

Fighting the funding of fighters

Introduction This article is divided into two parts.Here is the first part of the article which is named as "Fighting the funding of fighters" Part - I The much spoken and stalwart terror...

India on US Money Laundering List

US State Department which focuses on financial crimes and money laundering issued the report “2015 International Narcotics Control Strategy Report” naming 65 countries throughout the world. This report highlights India as one...

Dhanlaxmi Bank fined for AML non compliance

The Reserve Bank of India has imposed a monetary penalty of Rs 10 million on Dhanlaxmi Bank Ltd for violation of its instructions, among other things, on KYC norms and AML...

Duty Drawback and Laundering

The duty drawback scheme has been designed to refund to exporters duties levied by Customs & Central Excise or tariffs paid by them on both imported and locally produced materials or...
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Definition, Stages and Methods of Money Laundering

The September 11 attacks was the reason for the Patriot Act in the United States. This led to an emphasis on new set of rules to combat money laundering...
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Certified Anti Money Laundering Expert Goes Global

Certified Anti Money Laundering Expert program offered by Indiaforensic Center of Studies. The program was initially designed for the Indian compliance professionals. In the year 2015 the program was revisited and...

High Risk Business Sector – Real Estate

Real estate industry is an attractive target of money launderers. It helps to hide the proceeds of crime. It allows large quantities of cash to be laundered in a single transaction....

Fighting the funding of fighters – Part II

This is the second part of the article in the series of Fighting the funding of fighters. Enhancing detection and fighting capabilities of financial institutions It is primarily important to closely look into...

Penalty on Airtel Payments Bank for violation of KYC Norms

Based on the complaints and adverse media reports alleging that the Airtel Payments bank had opened customer accounts without a clear/specific consent of the customers, a supervisory visit to the bank...

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