START A PETITION 25,136,189 members: the world's largest community for good
START A PETITION
x
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.

source: http://articles.economictimes.indiatimes.com/2013-07-21/news/40709270_1_bitcoin-liberty-reserve-money-laundering

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

Group Discussions
Comments
Or, log in with your
Facebook account:

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

Author

Carla Basa
female ,
USA
CARLA'S SHARES
Aug
30
(1 comments  |  discussions )
\nTOKYO In a shabby back-alley office in Shibuya, a Tokyo district known for youth culture and tech ventures, defectors from corporate Japan are hard at work for a little known company they fervently believe will be the country’s next big manufac...
Aug
14
(1 comments  |  discussions )
Pupils at St Mary’s School in Fairford Leys were asked by Connells to draw their dream home.All the entries have been put in the estate agent’s window where homes would normally be displayed and three winners were picked.Prizes of colourin...
Jul
30
(1 comments  |  discussions )
\n\r\nHowever it has suffered from teething problems as the Government struggles to organise finance, IT and issues around moving house and even clearing people’s attics. Frustrated building companies expressed disappointment that the legal contrac...


SHARES FROM CARLA'S NETWORK
No shares


MORE MEMBER BLOGS
Mar 31
Blog: How to Extend the Life of your TRIAD Boilers by Kayleigh L.
(0 comments  |  discussions ) — \\nHow to Extend the Life of your TRIAD Boilers \\r\\n \\r\\nCorlis Engine Review\\r\\nEvery user desires to prolong the life of a unit. TRIAD assists their clients in achieving this important objective by informing them of ways they can avoid problems... more
Feb 27
Blog: Dr Oz Weight Loss - The 100% Natural And Very Efficient Diet Pill by Debra S.
(0 comments  |  discussions ) — \\nYes, Dr. Oz called Garcinia Cambogia Extract (HCA) the Holy Grail of Weight Loss. He went on to say, “Anytime I see a scientist get this excited about something like Garcinia Cambogia Extract and when I looked through some of this research and... more
Blog: My Favorite Websites by krysta I.
(0 comments  |  discussions ) — \\nIFAW: www.ifaw.org\\r\\nOCEANA www.oceana.org\\r\\nPETA: www.peta.org\\r\\nEARTH 911: www.earth911.org\\r\\nANI MALs ASIA: www.animalsasia.org\\r\\n \\r\\n\\r\\n\\n more
Feb 21
Blog: testing one two three by Geoff M.
(0 comments  |  discussions ) — hello world more
Blog: Garcinia Cambogia Reviews From Actual People Garcinia Pure Extract Is A Huge Success February 20 by Dany M.
(0 comments  |  0 discussions ) — \\nGarcinia Cambogia Reviews From Actual People Garcinia Pure Extract Is A Huge Success February 20\\r\\nGarcinia Cambogia System The Dr. Oz Lose Weight Quick Process Without Having Side Effects\\r\\nHe went on to say, “At any time I see a researcher... more
 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.