Home Experts Corner

Experts Corner

This category will list down articles which have been contributed by industry experts to be published on AMLabc.com

Imagine, you purchase your favourite mobile brand without any sales tax, your restaurant bill does not include a Value Added Tax, and best of all you do not file an annual income tax return! Well, all this is possible.  ArthaKranti Sansthan is a Pune-based Indian group of accountants and engineers....
Disclaimer: These are my own perceptions after actual visit to one of the royal floating "Casinos" on the picturesque Mandovi River in Panaji, Goa. So, let me start, take a ride to Goa with a bunch of friends, shell some 1500 bucks for an entry to Casino, you will be...
In recent years, U.S. authorities have increased their scrutiny of financial institutions’ antimoney laundering controls. In light of this development, banks and other institutions have begun to reassess perceived or actual AML risk across their operation. The notion of how institutions address risk is gaining traction again. In January,...
Every day, we read about a financial institution being detected by the regulator’s radar. On a weekly basis, we hear about a reporting entity (financial or non-financial institution) being subject to local or international investigations for being misused in a financial crime. We would be in a perfect world...
  Any asset that can be bought and sold within a short frame is very lucrative to money launderers. Hence, it is common to see Precious Metals, art, cars and even real estate being used for money laundering. Online electronic online casino payments methods like E-Bay and PayPal too are...