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Conformity of Indian Commercial Banks to Anti-Money Laundering Policies and Procedures

Unveil the Hidden Dimensions of Money Laundering in India with "Conformity of Indian Commercial Banks to Anti-Money-Laundering Policies and Procedures."

Discover a comprehensive and in-depth exploration of India's battle against money laundering through the lens of its banking sector. This insightful book delves into the heart of the Prevention of Money Laundering Act, 2002 (PMLA), unraveling its history, amendments, and the significant impact it has had on the country's financial landscape.

Key Highlights:

• Money Laundering Demystified: Gain a profound understanding of money laundering, its tactics, and the consequences of this criminal activity.
• PMLA Unveiled: Explore the ins and outs of the Prevention of Money Laundering Act, 2002, from its inception to the latest amendments.
• The Role of Indian Banks: Dive deep into the role of Indian commercial banks in combating money laundering, understanding their obligations and responsibilities.
• Enforcement and Conviction Rates: Examine the startling statistics behind convictions under PMLA, revealing a conviction rate of less than 0.5% and the implications of this phenomenon.
• The FIU-IND: Learn about the central national agency, the Financial Intelligence Unit - India (FIU-IND), and its crucial role in the fight against money laundering.
• Impact on Individuals: Discover how PMLA affects individuals, as well as the challenges and concerns surrounding its implementation.

Why You Need This Book:

"Conformity of Indian Commercial Banks to Anti-Money-Laundering Policies and Procedures" is an indispensable resource for professionals in the financial sector, law enforcement, legal experts, and anyone interested in understanding the complexities of money laundering in India. This book sheds light on the intricacies of the PMLA and the challenges faced in its enforcement.

If you aim to comprehend the nuances of money laundering, the legal landscape, and the role of commercial banks in India, this book is your essential guide.

Order your copy today and embark on a journey to unravel the mysteries of anti-money laundering in India.

Get ready to uncover the hidden truths and make informed decisions in the fight against financial crime.