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Money laundering

CA Saagar K (student) (250 Points)

01 October 2014

Can anyone tell me how to do Money Laundering? Various ways of money laundering?

U can send me mail also

sagar.jaihind @ gmail.com

Waiting for ur replies frends.....

Thank You

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5 Replies

Prateek (Student) (113 Points)
Replied 01 October 2014

You want to DO money laundering? Its a form of corruption. It involves various processes whereby black money is brought in the financial stream of the market. It includes all sorts of illegal activities.

Mihir (Wealth Manager) (5293 Points)
Replied 01 October 2014

Un-taxed income, usually in cash, or black money, is made legal. The idea is to bring in the black money into the financial system in a way that goes undetected from the income tax dept.

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Read this.

Attached File : 149116 1370538 arvind giriraj and prashant kumar mishra money laundering.pdf downloaded: 305 times

Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15607 Points)
Replied 02 October 2014

It means..where someone who has made money unlawfully Nd tries to launder it say through someones business so it looks like it is there money but really it is not... Nd it is hard for police/Incometax dept to trace it....OfCoz... money laundering is itself highly illegal, Nd many criminals hve been prosecuted for it. It's often possible to prosecute organized criminals for money laundering, tax evasion.!