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Jul 27, 2013

The Avanti Group, Anti-money Laundering tool to protect your organization

"This new methods of  money laundering  (using digital currency) include open accounts with low cost and less known betalninginkörsportar, purchase digital currencies, buying stolen  data , set up online stores with betalninginkörsportar, using bank accounts of couriers to transfer such money to different countries, "says the report by Pune-based Indiaforensic".

The company, which performs fraud examination and forensic accounting in particular has contributed to the country's investigating agencies like CBI in several high profile cases involving multi-crore Satyam fraud. Digital currency is an alternative to the traditional currency, used in online transactions. It is very similar to the loyalty points.

The report - "Washing of the Cyber ​​World - Digital Currency way" - mentioned a case in the U.S. where "Liberty Reserve" - ​​a digital currency site that was used to wash at least U.S. $ 6 billion by data thieves, drug dealers, child pornography, identity thieves, hackers and other criminals.

"Traditional money laundering is often a secondary process - preceded by an illegal activity, such as drug smuggling but liberty reserve case shows that data theft, hacking attacks and scams on the Internet is changing the traditional law and digital currency is now at the center of money-laundering operations, "said Mayur Joshi, head of Indiaforensic.


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Posted: Saturday July 27, 2013, 6:52 pm
Tags: tag money anti code laundering PR 81345782170 [add/edit tags]

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Carla Basa (0)
Friday July 26, 2013, 7:09 pm
Why aren't we paying more attention to this thing?


Carla Basa
female ,
(1 comments  |  discussions )
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