Tag: black money
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The Skeleton in HSBC’s Closet
By Darshi Mehta, Government Law College, Mumbai. Black money has been the centre of every anti-corruption movement in the world and it comes as no surprise that it is the main facet of the world’s biggest ever banking system breach. Switzerland is known for its world class banking system. In fact, banks represent 59.4% of the…
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Money Laundering in India: An Analysis
By Bhagyashree Sonwane, Vaishnav Institute of Law, DAVV, Indore. Money Laundering is the processing of criminal proceeds to disguise its illegal origin. When a criminal activity generates substantial profits, the individual or group involved in such activities route the funds to safe heavens by disguising the sources to a place where they are less likely to attract…