“The Progression of Anti-Money Laundering Regulations: A Global Perspective”

Abstract

Money Laundering causing perils to society. These activities shaken the socio-economic structure of nations. This paper describes how launderer obtained the illicit money via illicit mode, Phases of money laundering. It also covers popular cases related to money laundering. It also indicates the number of organized crime ratio in India and World Level. It is arduous to investigating agencies to crack down the origin of scams and funds. There is need of effective technological solutions that can prevent this type of crimes. Money Laundering is an emerging concept, it is done via online and offline modes. Ordinary, Criminal use cash intensive business to prevent the illicit gain. They develop shell companies and off shore bank accounts. This also involve regulatory framework established at national and international level. Largest Financial institutions demand need for better technologies to deter the illicit activities.