Money Laundering in India

  • Charles Anyama Kalisto
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  • Charles Anyama Kalisto

    Student at Marwadi University, Rajkot, Gujarat, India.

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The menace of Money laundering has been a global challenge throughout history and thus India, just like other western countries have been a victim of these financial malpractices. There are several activities involved under the ambit of money laundering which includes activities such as gambling, counterfeiting of documents and currencies, investing in mobile valuable communities that can easily be transferred to other jurisdictions such as money exchange services and other private business entities and many more. This paper seeks to highlight on the several legislations that have been put in place in an effort to minimize these financial frauds in India which includes the Anti-money laundering laws, the prevention of, money laundering Act 2002 and other provisions in the Indian Penal Code 1860. These laws include specific offences related to money laundering, penalties for the same and procedural laws involved in tackling these offences.


Research Paper


International Journal of Law Management and Humanities, Volume 6, Issue 4, Page 814 - 824


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