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Rashmin Sanghvi & Associates

Chartered Accountants

109, 1st Floor, Arun Chambers,
Tardeo Road,
Mumbai - 400 034,
Maharashtra, India.

Tel. Nos.: (+91 22) 2351 1878, 2352 5694.

Fax : (+91 22) 2351 5275.

Email : [email protected]

Home Articles Foreign Exchange Law         Share :

Prevention of Money Laundering - Professionals Responsibility

Prevention of Money Laundering - Professionals' Responsibility

25 Aug, 1999

The law for Prevention of Money Laundering imposes severe responsibilities on all financial intermediaries - chartered accountants, lawyers, banks, share & security brokers,etc.

This law has been passed in several countries and will soon be passed in India.

If a professional is found to have helped a money launderer or a mafia, he can get into very serious trouble.

How to safeguard yourself?

Mr Martin Flint, an ex-secret service agent from UK has given an excellent paper on this subject. With his permission we are presenting his paper for our readers.

Application of Business Intelligence & Protective Security Measures to the Financial Services Industry.