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[AML-CFT] Publication: Money Laundering: Concept, Significance and its Impact

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  • INONU AKGUN ALP
    Money laundering is the process by which large amount of illegally obtained money, from drug trafficking, Terrorist activity or other serious crimes, is given
    Message 1 of 1 , Feb 2, 2012
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      Money laundering is the process by which large amount of illegally obtained money, from drug trafficking, Terrorist activity or other serious crimes, is given the appearance of having originated from the legitimate source. Money laundering has an adverse impact on economy and political stability of country and hence such an activity must be curbed with an iron hand. Therefore, nations of the world must join hands and adopt measures to dismantle syndicates engaged in money laundering by resorting to aggressive enforcement of law. An attempt has been made in this article to explain the Concept, Significance and its impact.

      European Journal of Business and Management
      by Vandana Ajay Kumar, Department of Laws, Panjab University, Chandigarh

      Download the FULL ARTICLE





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      Posted By INONU AKGUN ALP to AML-CFT at 2/02/2012 03:28:00 AM
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