Money Laundering in India: Issues, Challenges and Remedies

The money launderers invented numerous advanced techniques and means by which crimes can be committed better using the developments in Information and communication technology, especially the internet revolution. Internet revolution and growth of e-commerce with borderless online purchases and payments just with a click of the mouse on the Internet has become very convenient to the money launderer today. The antimony laundering measures of the Governments lagging behind the money lauders of this cyber age, as they have to switch over from the traditional AML strategies to that techno-savvy strategies in the light of numerous hurdles and to make the globe free from the evil effects of money laundering in the future.