Tag Archives: FATF

Money Laundering Act – Role of the Financial Intelligence Unit

Money laundering is a global menace and is the life line of all international crimes, whether drugs or terrorism. The Financial Action Task Force is an important international body helping countries to frame suitable anti money laundering policies. In India it collaborates with the Financial Intelligence Unit (FIU-IND) which is government’s brain to uncover financial frauds. Continue reading

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Anti-Money Laundering Framework in India

The Prevention of Money Laundering Act, 2002 is the main piece of legislation in India to discourage money laundering activities. The PMLA is being upgraded to bring it closer to the FATF recommendations. Continue reading

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