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...
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...
Money Laundering by Indian Politicians
Money Laundering is not new phenomenon to the Indian politicians. There are several politicians who are facing the heat from the various law enforcement agencies such as Enforcement Directorate. This story...
Dealing with customers from High Risk Countries
Globalisation is storming ahead and businesses are looking beyond their domestic surroundings. They have to expand beyond the domestic markets if they have to remain competitive in global marketplace....
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...
What is Anti Money Laundering Compliance ?
Historically, money laundering is in existence since almost 2000 years. But it gained prominence in 1920's when a powerful accountant of the Italian Mafia in United States hired the...
Locker Business involved in Money Laundering
Though, not a popular method, locker businesses could be a great tool to launder cash. It could be one of the mechanism of Placing the funds in the banking system. In...
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....
Money Laundering through Hospitals
Today, even an apple a day cannot keep the Doctor away. Everyone of us, time and again had the need to pay visit to a Doctor. Generously (?) shelling out bucks...
Cuckoo Smurfing instances are rising
Money laundering is generating huge money through criminal activities. These criminal activities include, drug trafficking, human trafficking, terrorist funding etc. the criminal generate a huge amount of money and...
