Money Laundering PPT.pptx
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- 2. SLIDESMANIA.COM Preliminary research content availableon the subject General overview of the book chapter What is the innovative component? i.e. the selling point Way forward for the research and writing OVERVIEW OF THE PRESENTATION
- 3. SLIDESMANIA.COM SLIDESMANIA.COM MONEY LAUNDERING ● Amplecontent available on the subject of money laundering in form of research papers, books, articles, statutes, etc. to be written about. ● In the Indian context, also, ample reference material is present. ● The case studies can be extracted from new reports and research papers itself. ● For the accounting and legal analysis of the scam cases, respective company websites and legal databases like Manupatra, SCC, etc. Preliminary research content available on the subject
- 4. SLIDESMANIA.COM SLIDESMANIA.COM General Overview ofthe Chapter: Money Laundering Introduction Definitions and explanation of the concept in a lucid manner with contemporary legal developments in India. Can also make use of pop culture references for this. Brief about the Prevention of Money Laundering Act, 2002 and its applicability, conviction rate, evidence collection (admissibility), how prosecution takes place in the court of law, how ED raid takes place, rights of the accused, international laws and reports (cooperation needed with other countries). Jurisprudence and Statutes Case Studies in India Three case studies along with landmark case references which will cover facts of the case, persecution, collection of evidence in court of law, audit trail that was present, trial process, conviction if present, possible loopholes in the system, comparison with the concepts mentioned in the previous part. “My perspective” will also be added for possible solutions for low conviction rates.
- 5. SLIDESMANIA.COM SLIDESMANIA.COM INTRODUCTION & BACKGROUND Definitions:Under Prevention of Money Laundering Act, 2002 Whosoever directly or indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved in any process or activity connected with the proceeds of crime and projecting it as untainted property shall be guilty of offence of money-laundering. The goal of a large number of criminal acts is to generate a profit for the individual or group that carries out the act. Money laundering is the processing of these criminal proceeds to disguise their illegal origin. This process is of critical importance, as it enables the criminal to enjoy these profits without jeopardising their source. According to Financial Action Task Force (FATF)
- 6. SLIDESMANIA.COM SLIDESMANIA.COM Illustrations and currentlegal developments: For example, In a major verdict delivered on Wednesday, 27 July, 2022, the Supreme Court declared that the Enforcement Directorate (ED) has the powers conferred under law to investigate people, conduct searches and raids, and even arrest citizens under the stringent provisions of the Prevention of Money Laundering Act (PMLA). POP CULTURE REFERENCES for student friendliness i.e. Movie and TV Series depicting money laundering process. How true is it?
- 7. SLIDESMANIA.COM SLIDESMANIA.COM Jurisprudence and Statutes Briefabout the Prevention of Money Laundering Act, 2002 and its applicability, The conviction rate Evidence collection (admissibility) How prosecution takes place in the court of law How ED raid takes place with rights of the accused, International laws and reports (cooperation needed with other countries)
- 8. SLIDESMANIA.COM SLIDESMANIA.COM FORENSIC AUDITING AND RED FLAGS STUDENTFRIENDLY LEGAL PROCEEDINGS FROM TRIAL TO CONVICTION What is the innovative component? i.e. the selling point Lucid explanation and use of pictures and illustrations wherever possible
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