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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

  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...
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...
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...
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,...
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....