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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
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...
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....
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,...
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...