payments were made to undisclosed agents and Duhaime was the official who signed them off. In April‚ Riadh Ben Aissa was arrested on charges of corruption‚ fraud and money laundering. In November‚ Duhaime was arrested as well. So where did all this money go? What was it spent on? Who were the recipients? Investigations suggested that the money was used to pay bribes to unknown North African agents in order to sanction multi-million dollar future projects. This was possibly done to maximise company revenue
Premium Ethics Political corruption Bribery
conspiracy the objective of which was to cripple the economy‚ create communal divide and spread terror in the commercial capital of India. Dawood Ibrahim‚ Tiger Memon and Mohammed Dosa are operating from Dubai. Their field of activity is to extort money from builders and film
Premium Smuggling Illegal drug trade Heroin
MCB BANK LTD KNOW YOUR CUSTOMER (KYC) & ANTI-MONEY LAUNDERING (AML) PROCEDURES HANDBOOK FOR MANAGEMENT AND STAFF Revised January 01‚ 2008 MCB BANK LTD KNOW YOUR CUSTOMER (KYC) & ANTI-MONEY LAUNDERING (AML) PROCEDURE HANDBOOK POLICY GUIDELINES FOR KNOW YOUR CUSTOMER (KYC) AND ANTI MONEY LAUNDERING (AML) PROCEDURES Foreword A Hand book containing detailed guidelines on KYC Policy and AML Policies was required in order to help management and staff to fully understand their obligations
Premium Money laundering
Prevention of Money Laundering Act‚ 2002 Submitted to Prof. Shiv Nath Sinha Legal Aspects of Business IIM Indore By Vishal Laxman Bansod 2012PGP441 Section E IIM INDORE Contents Introduction .......................................................................................................................................................... 4 Money laundering as a process ......................................................................................................
Premium Money laundering
Indian Penal Code‚ 1860: The IPC defines “public servant” as a government employee‚ officers in the military‚ navy or air force; police‚ judges‚ officers of Court of Justice‚ and any local authority established by a central or state Act. • Section 169 pertains to a public servant unlawfully buying or bidding for property. The public servant shall be punished with imprisonment of upto two years or with fine or both. If the property is purchased‚ it shall be confiscated. • Section 409 pertains
Premium Crime Civil service Money laundering
HAWALA INTRODUCTION [pic] Among the methods terrorists worldwide use to move money from regions that finance them to target countries some hardly leave any traceable trail. As regulators learned recently‚ one of the weak points in the payments chain through which illicit funds can enter is a system of traditional trust-based banking originating in southern Asia which is known as hawala. The word hawala is Hindi meaning "trust" or "exchange". Often used in relation
Premium Foreign exchange market Currency Money laundering
As per the Section 327‚ a man carries out an offense on the off chance that he hides‚ masks‚ changes over‚ exchanges‚ evacuates resources that are identified as being criminalized. The recognized offenses regarding money laundering accept that a crime has happened keeping in mind the end goal to create the criminalized resources which are presently being washed. This is frequently referred to as the predicate crime. There is not any convicting procedure for the predicate crime that is vital regarding
Premium Crime Fraud Theft
government along with several other countries worked together and passed several laws to combat terrorist financing. After September 11‚ 2001‚ the thought of another attack weighed heavy on the minds of the federal investigators. Tracking and stopping the money flow to the terrorist may help stop another attack. We will examine the steps taken to minimize the cash flow to international terrorist organizations and the results of the actions implemented. The Financial Anti-Terrorism Act was passed on
Premium Terrorism Money laundering September 11 attacks
August 2008). These events eliminate unpredictability from sports thus threatening its basic fundamental or nature by making it orchestrated and more of an entertainment. The massive commercialisation in sports has not only brought massive amounts of money but has also opened the floodgates for corruption. This essay studies the extent of corruption in the business of football and explores the threats it presents to present and future of the game across the world. FAME COMMERCIALISATION AND MALFEASANCE
Premium FIFA World Cup Money laundering Association football
relative to tax evaluation‚ money laundering‚ financing of illegal fire arm and other financial operations. The major issue that we explore in this paper is the regulation of the Offshore Financial Centers in The Bahamas‚ Dominica and St. Vincent‚ and were these
Premium Bank Money laundering