Money Laundering

Blog by Saiyid Safdar Abbas Zaidi

All > Informational > Money Laundering

1 like

Please login to like this article.

What is Money Laundering?

IT is The process used to disguise the source of money or assets derived from criminal activity.

What is Anti-Money Laundering

The term Anti Money Laundering refers to the variety of measures put in place to combat this illegal activity and to prevent criminals from using banks and financial institutions as the conduit for their Proceeds of Crime.

In all major jurisdictions around the world, criminal legislation and regulation make it mandatory for banks and financial institutions to have policies/systems and procedures to combat Money Laundering, Non-compliance entails harsh criminal penalties.

What are the processes of crime?

Proceeds of crime mean any property derived or obtained, directly or indirectly, by any person as a result of criminal activity relating to a scheduled offense or the value of any such property

How is it done?

Illegal Money is put through a cycle of transactions so that it comes

out the other end as legal or clean money.

Why Is It Done?

The rationale is to legitimize illegally obtained income

More articles from same author:

Failure is A Lure for Success-Don't be afraid of it

Set goals - Prepare Concrete Plans-Part 2

Set goals : Prepare Concrete Plans

Do not cry over the past

Excerpts from My memoirs Part 2

Mentoring--- Part 2 ( word count 718)

Excerpts from My memoirs Part 1

How to Deal with failure

Want success -- Be patient. Don?t Give Up

What Is Mentoring

more articles...

More articles:

ConnectClue - the best website to publish your blogs and articles - check reasons and benefits

ConnectClue Websites | ConnectClue Introduction

Rice Water For Stronger Hair and Growth

Express check out

Binding agents in cooking

Eduvizor's Approach to Talent Management: Success For student

Eduvizor's Approach to Talent Management: Success For student

The Definitive Guide to Choosing the Right MBA College in India

The Evolution of Management Education: Trends and Insights from Eduvizor's Consultancy

The Evolution of Private MBA Education in India: Trends and Innovations

The Essential Guide to Choosing the Right Management Course: Tips from Eduvizor

5 Reasons Why Eduvizor Is Your Go-To Consultant for Management Courses

The Impact of EduVizors Consultancy in Noida's Education Sphere

Campus Life at Top MBA Colleges in India: A Student's Perspective

How Eduvizor Can Help You Choose the Right Management Course for Your Career

Navigating Your MBA Journey: Exploring India's Top Universities for Business Education

The Role of Consultants in Indian MBA Applications: Tips and Strategies

Unlocking Success: A Comprehensive Guide to Choosing the Best MBA College in India

MBBS in Bangladesh for Indian Students: Everything You Need to Know

Why Choose Bangladesh for Your MBBS Studies: A Comprehensive Overview

Classification of salads

Challenges and Opportunities: The Future of Medical Education in India

Recent lost & found:

Lost my iPhone SE - Grey color

Login for enhanced experience

connectclue-tick Create and manage your profile

connectclue-tick Refer an author and get bonus Learn more

connectclue-tick Publish any lost and found belongings

connectclue-tick Connect with the authors & add your review comments

connectclue-tick Join us for Free to advertise for your business or Contact-us for more details

connectclue-tick Join us for Free to publish your own blogs, articles or tutorials and get your Benefits

Discover your area of interest

Advertisement

Art & entertainment

Art & entertainment

Astrology & spirituality

Astrology & spirituality

Cooking

Culture

Current affairs

Current affairs

Education

Fashion

History

Hotel management

Hotel management

Industry

Medical & fitness

Medical & fitness

Motivational

Politics

Real life stories

Real life stories

Sports

Story & poetry

Technology

Top in search

Tourism

More recent categories

hotel management(Public)

By: Nirupama

Education(Public)

By: Eduvizor

Education(Public)

By: Property

Education(Public)

By: Anish

Cooking(Public)

By: Nirupama

Affiliate Marketing (Public)

By: Popoola

Tech Blogger | Java | Spring Boot | HTML | CSS | MySQL(Public)

By: Er

Tourism(Public)

By: Nirupama

My diary(Public)

By: Shalini

Festival(Public)

By: Shalini

Show more categories...