SIT recommendations to curb laundering
The Supreme Court-appointed SIT on black money has come out with a slew of recommendations to curb money laundering, including misuse of exemption on long-term capital gains tax, Participatory Notes and...
Importance of Risk Assessment in Anti Money Laundering
Risk assessment is the basis of applying the risk-based approach in any organization. Performing an AML risk assessment enables an organization to understand how, and to what extent, it...
Conceptual Development of Money Laundering
Introduction
Money laundering is an inevitable extension of organized crime and an essential aspect of any profit –generating criminal activity. Broadly stated the term money-laundering means any process or activity connected...
CAME Becomes a Certification of National Significance
If we go 2000 years back in time, Money laundering existed and if we go 2000 years forward in time, it would still be in existence. This was sensed...
Stock Market Money Laundering Techniques
Money laundering through stock market is a popular mechanism among the financial criminals. Stock market has always been on the target of the launderers. There are many examples where the operators...
Impact of Demonetization on CAME Profession
Demonetization efforts of the Indian government are likely to see a increased demand for the Certified Anti Money Laundering Experts. The anti-money laundering (AML) function for financial institutions, such as banks...
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...
Commonly used TBML Techniques
TBML techniques are becoming popular as an alternative remittance system that allows to move the proceeds of illegal activities disguised as legitimate trade. Trade provides ample opportunities to earn money over...
Diamond Money laundering
Diamond Money Laundering Research
Study on Diamond Money Laundering, based on information provided voluntarily by countries and organizations of the global diamond sector, and drafted in partnership with the Egmont Group of...
Money laundering through Indian NGOs
Indian NGOs and the risk of Laundering
Voluntary organizations receiving more than Rs. 11,500 crore ($1.9 billion) in foreign funds annually, the Home Ministry has warned that the NGOs could be vulnerable...
