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All banks in India are mandatorily expected to take steps to stop and detect money laundering activities in India. The Reserve Bank of India has strict guidelines set up that all banks must adhere to. These are done to ensure that India does not become a money launderer's paradise and such illegal activities are detected as early as possible.
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Anti-money laundering and anti-terrorism financing act 2001 in Malaysia?
Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (Act 613) This renamed and revised Act which came into force on 15 January 2002, is to provide for the offence of money laundering, the measures to be taken for the prevention of money laundering and terrorism financing offences and to provide for the forfeiture of terrorist property and property involved in, or derived from, money laundering and terrorism financing offences, and for matters incidental thereto and connected therewith.
What steps were taken after independence to improve the status of women in India?
no meausres
Can cash carried by immunity couriers be money laundering?
Diplomatic pouches are exempt from normal customs inspections, and there are certainly corrupt governments who have taken advantage of this to engage in smuggling of various types, including money laundering. This is one of the prices that we pay, to be able to engage in international diplomacy.
What are the steps taken by government of india to increase agricultural produce?
it has done nothing
What is the Punishment for money laundering?
Depends on how much money, and how you stole it. Typcial punishments are fines, jail time, community service, probation. For large amounts of money, or money taken by force (robbery) punishment can be years in prison.
What are the us dollar demintions?
1,5,10, 20, 50, 100-bigger bills have been taken out of circulation to discourage drug dealers and or money laundering.
Is there any money taken by India from US that leads to decrease in value of Indian money?
yes
What steps can be taken to make controlling cost easier?
leave money behind... xx
Current inflation position in India?
explain the inflationary position in india. describe its causes and mention the steps taken by rbi governor to control inflation
What steps are taken by government to stop vandalism?
the government of india is good for nothing so we can not expect any thing from it
Six reasons that the government has taken steps to limit private enterprise are?
Money n power
Why was Daniel Bouton arrested in January 2002?
In January 2002 Bouton and two other Societe Generale executives were taken into custody for questioning by the French police as part of a money-laundering inquiry.
