International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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MONEY LAUNDERING AND INDIAN FINANCIAL INSTITUTIONS

    1 Author(s):  BHARATKUMAR D. PRAJAPATI

Vol -  4, Issue- 2 ,         Page(s) : 117 - 120  (2013 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

Money laundering, at its simplest, is the act of making money that comes from Source A look like it comes from Source B. In practice, criminals are trying to disguise the origins of money obtained through illegal activities so it looks like it was obtained from legal sources. Otherwise, they can't use the money because it would connect them to the criminal activity, and law-enforcement officials would seize it.

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