Professional Shell Company operators
In the month of March'2017, there was a news that almost 54 Chartered Accountants have come under the radar of the Income Tax department and the Enforcement Directorate over money laundering...
Textile firms in Money Laundering
The Directorate of Revenue Intelligence (DRI) is learnt to have unearthed a fraud involving at least half a dozen textile exporters who allegedly laundered at least Rs 200 crore in the...
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...
Calculating Eligibility Criteria for CAME Certifications
Members can be certified by only taking the uniform examination. There are no honorary certification or waiver of the examination. If you do not have experience working on money laundering related...
Money Laundering through Microfinance Companies
Micro finance companies emerged as the new form of inclusive banking. It reached out to the unbanked customers. However, it has its own set of regulatory issues. Money Laundering is one...
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...
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...
Tax Havens explained
European Union finance ministers failed to agree on a sweeping new policy to fight tax evasion because of resistance from Luxembourg, a tiny country that long has prospered from a secretive...
Money Laundering Vs. Terrorist Financing
Quite frequently, I see a lot of people using the terms money laundering and terrorist financing together. AML and CTF terms are frequently seen together in the same discussion.
Defining the Politically Exposed Persons
Politically Exposed Persons pose a bigger risk before the financial institutions in India.
