The document discusses money laundering, including the stages of money laundering (placement, layering, integration). It notes that the Prevention of Money Laundering Act was enforced in India in 2002. High risk countries for money laundering are listed as those linked to terrorism, drug production, and corruption. Effects of money laundering include increased crime and loss of tax revenue. Anti-money laundering regulations and efforts in various countries are outlined, including know-your-customer (KYC) requirements which help financial institutions understand customer sources of funds and business activities.

1. Money Laundering
OVERVIEW OF
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2. Let start’s with
Quiz?????
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3. 1.Which year the Money Laundering Act
was enforced in India???
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4. Prevention of Money Laundering Act 2002
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5. Money Laundering
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Illegal/Dirty
Money Legal/Clean Money

6. Stages of Money Laundering
• Placement
• Layering
• Integration
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9. High Risk countries
• Countries linked to terrorist financing
• Drug producing nations
• Countries with high degree of public
corruption
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10. Effects of Money Laundering
• Increased crime and corruption
• Weakening Financial Institutions
• Loss of Tax Revenue
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11. Tax Payers In
India
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INDIA vs U.S

13. HIGHEST TAX PAYERS IN
INDIA
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14. Top 5 Tax Paying countries
In world
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15. Top 5 Tax Paying Countries
TAX RATE
1. Aruba - 58.9%
2. Swedan - 56.6%
3. Denmark - 55.5%
4. Netharland - 52%
5. Belgium - 50%
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16. Why Swiss bank sweet to
Black money?
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17. Basel AML Index Scores and Rankings 2015
Rank Countries Risk
1. Iran 8.59
2. Afghanistan 8.48
3. Tajikistan 8.26
79 India 5.77
63 China 6.05
103 U.S 5.18
113 Austraila 4.94
152 Finland 2.53
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18. AML
• A set of procedures laws or
regulations designed to stop the
practice of generating income through
illegal actions
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19. Anti-Money Laundering Regulations
The U.S : USA Patriot Act (2001)
■ Europe : Third European Directive (2003)
■ China : Law of the People’s Republic of
China on Anti-Money Laundering
(2006)
■ Japan : The Act on the Prevention of
Criminal Proceeds (2007)
■ India : Prevention of Money Laundering
Act (2002)
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21. Meaning Of KYC
• Sources of funds
• Nature of customers’ business
• Who your customer’s customer are???
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22. Benefits of KYC
• They help to protect banks’
• They provide an essential part of sound
risk management system
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23. AML Efforts
• Creating anti-money laundering regulatory and enforcement
organizations in countries and regional groupings
– Financial Action Task Force (FATF), UN, Egmont Group
– Financial Crimes Enforcement Network (FinCEN)
– Office of Foreign Assets Control (OFAC)
– Bank Secrecy Act (BSA) and the USA PATRIOT Act of
2001
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ILLEGAL WAYS TO TRANSFER
MONEY

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27. Conclusion
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28. Thanking you
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