International Journal of Legal Science & Innovation
[ISSN 2581 – 9453]
Money Laundering in India: Issues, Challenges and Remedies
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Dr. Sudarshan Nimma
Assistant Professor (Sr Scale) and Chairman at Board of Studies at Department of Law, Kakatiya University, Telangana, India.
Abstract
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.
Type
Research Paper
Information
International Journal of Legal Science and Innovation, Volume 4, Issue 2, Page 60 - 69
DOI: https://doij.org/10.10000/IJLSI.111429Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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