Anti Money Laundering Archives | Imarticus
August 22, 2016
The Mechanics of Money Laundering by Zenobia Sethna. Money Laundering is the act or attempted act to conceal or mask the identity of illegally obtained money or funds so that they appear to have originated from legitimate (legal) sources. Illegally obtained funds are ‘laundered’ and relocated around the world using and abusing ‘shell companies’, ‘intermediaries’ and ‘money transmitters’. In this way, […] Read More »
August 6, 2016
Executive Development Program on Anti-money Laundering Imarticus recently concluded its very first executive development program on Anti money laundering on 28th and 29th July at Novotel Hotel, Bangalore. The 2-day workshop was conducted by our resident AML/KYC experts Ratan Postwalla and Sayak Bhanja. The workshop saw active participation from functional executives and managers from Societe General and Viteos. The program was […] Read More »
June 30, 2016
Money Laundering: A Historical Perspective by Zenobia Sethna The amount of money laundered globally in one year is estimated at 2-5% of the global GDP, or between a staggering USD 800 billion – USD 2 trillion, according to United Nations Office on Drugs and Crime. But how did the term “money laundering” come about? Yes, there is money passing around […] Read More »