|
Anti-Money Laundering Compliance
Money laundering seeks to disguise the origins and true ownership of funds. It is used to legitimise the proceeds of criminal activity and to obscure the funding of clandestine activities such as terrorism. The continuing evolution and rapid development of anti money laundering (AML) laws and regulations in India and around the world has given organisations a greater responsibility to prevent, detect and report money laundering.
Prevention of Money Laundering Act, 2005 require financial service organisations to introduce robust AML programs that establish or enhance policies, procedures in order to support law enforcement in intercepting and obstructing the illegal flow of funds. Penalties and regulatory sanctions aside, any association with money laundering can expose organisations and individuals to adverse publicity and reputational damage
KPMG works with organisations to understand their risk profile and address the factors they need to consider to help prevent money laundering and comply with domestic and international requirements.
Our services include:
- Risk assessment
- Compliance reviews
- Policy and process design
- System advice
- Training
- Due diligence
- Corporate intelligence
- Investigations
This programme provides organizations with a highly trained, motivated and diligent work force. It further gives them the comfort of proof that the companies have been diligent, in their compliance programme.
|
 |
|
|
|
FORENSIC
KPMG India Fraud Survey Report 2008
This report is an attempt to provide definitive inside on the antecedents of fraud, its aftermath and most importantly identify major safeguards against fraud. The findings set out in this report were derived by means of responses to questionnaire sent in October 2007 to India`s largest organizations across public and private sectors.
|
|
