Essays on Money Laundering

Introduction The economic problems have taken a global dimension after globalization. Necessarily, it has also increased the supply chain of products across the borders. Cross-border transaction of black money and money laundering are serious economic crimes, and it causes substantial impacts on the economic development of the world. Illicit trade is the fountainhead of these...

“Capital as such is not evil, it is its wrong use that is Evil, Capital in some form or other will always be needed” – Mohandas K. Gandhi If we ask a layman “what is Money Laundering?” The general guesses would be that it must be something related washing or dry cleaning of the currency....

Introduction Money laundering occurs in almost every country in the world, and a single scheme typically involves transferring money through several countries in order to obscure its origins. A great requirement remains for concerned authorities to play a vital role in tackling money laundering which is considered to be one of the greatest risks to...