Money Laundering by Vivek Singh,Aryan College


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Money Laundering by Vivek Singh,Aryan College

  2. 2. Money<br />BLACK MONEY<br />WHITE MONEY<br />
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  4. 4. Money Laundering <br />
  5. 5. What is Money Laundering? <br />Nefarious activities of the criminals who<br /> provide an envelope to “slush funds” in order to exhibit those as genuine money.<br />
  6. 6. INVOLVEMENT<br />Involves bankers,lawyers,car dealers,real estates builders, accountants and also others, who allow their businesses to be used by someone to launder the proceeds of a crime.<br />
  7. 7. Money Laundering <br />Process<br />
  8. 8. Placement<br />Integration<br />Getting Currency into the financial system so as to convert illicit funds from cash straight into a financial instrument or bank account<br />The reinvestment of those funds in an ostensibly legitimate business so that no suspicion of its origins remains and to give the appearance of legitimizing the proceeds <br />Layering<br />The movement of funds from institution to institution to hide the source and ownership of the funds, obscure the audit trail and sever the link with the original crime<br />
  9. 9. Stages of money laundering<br />
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  11. 11. Effects:ML<br />Money Laundering Undermines Domestic Capital<br />Formation<br />Money Laundering Depresses Growth<br />Money Laundering Diverts Capital Away from<br />Development<br />
  12. 12. The perpetrators: money laundering by criminal sector<br />Source: Celent<br />
  13. 13. The victims: money laundering by industry sector<br />Source: Celent<br />
  14. 14. Funds Laundered.......<br />Source: Celent<br />
  15. 15. AML-Meaning<br />Stoppage of illegal money generation<br />Laws,procedures,policies,etc. for money laundering activities <br />
  16. 16. Tighter AML regulation in the US and Europe is pushing money laundering activity into Asia Pacific…<br />
  17. 17. Money Spent:AML Programmes<br />
  18. 18. High<br />Australia<br />Singapore<br />Progress<br />(Implementation of systems)<br />Japan<br />China<br />Hong Kong<br />South Korea<br />Taiwan<br />Philippines<br />Malaysia<br />Thailand<br />Indonesia<br />India<br />Low<br />High<br />Low<br />Industry Awareness<br />The state of AML…<br />