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Experts Corner

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

Was India's demonetization initiative really a failure? In this article I would like to walk through the benefits of this exercise, even if majority of the cash was returned to banks
Anti-money-laundering (AML) compliance and the related costs of compliance with applicable regulations are sometimes cited as impediments to doing business. Though compliance may come at a cost, those associated with non-compliance may be greater. To better understand and manage AML-compliance costs, financial institutions should look to cost drivers such as...
  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...
A report prepared by Alix Partners Our 2017 global anti-money laundering and sanctions compliance survey explores how financial institutions are managing their compliance programs amid growing risk and heightened regulatory expectations. At a glance Although we may assume boards stay engaged, 20% of respondents do not provide training to their board or are...
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....