|Combating the Peril of Money Laundering | |
|Indiaforensic > support > pedagogics > Money Laundering | |
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|If you were to conduct a survey in our country asking What is Money Laundering ? | |
|The visualisation of the post man will not be far varied than the one shown in this picture. The general| |
|guesses from most people would be that it must be something related to drying, washing or may be dry | |
|cleaning of the currency notes. This is rather the kind tendency about the worlds very big abhorrence. | |
|To some finis correct but layman dont know much of this worlds triplet largest industry. As per IMF | |
|reports the turnover of this industry could be somewhere approximately $1.5 trillion. However common man does not| |
|pay heed because primarily it seems to be a victimless crime.
It has none of the issues associated | |
|with a vanishing of the property from economy or performance of the government or organisations touch on in | |
|the same and yet, money wash can alone take place after a predicate crime (such as a Drug trafficking| |
|or the stock mart frauds)Â has taken place.If the person on the street is the banker he readiness throw the | |
|three letters KYC to express his knowledge. Â | |
|Money laundering is the process by which large amounts of illegally obtained money (from drug trafficking,| |
|terrorist activity or other serious crimes) is given the look of having originated from a legitimate| |
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