![]() ![]() ![]() In simple words to frame in the mindset of common people, money laundering means, it’s the process of converting the black money to the white money with an illegal means. Sony meresai in india tv what time relay full#The money laundering is the process of the converting the undisclosed source and inflow of assets or income which meant to be originally recorded to the books of accounts and balance sheet and other notes to accounts or annexures, or any of those required accounts, for the presentation of financial statements of the concerned assessee and person during the financial year and subsequently engaged in various fraudulent activity to record such transaction, either directly or indirectly means, and disclose such transaction partially or fully, through such means to whom the concerned person is participated in direct and indirect business or personal relationship with the concerned assessee in order to present the unrecorded which is illegal transactions into the deemed accounted transaction, but not actually to the full extent. The Prevention of Money Laundering Act, 2002 has been enacted to govern the flowing and process of money and cash securities in the indian economy for the prevention of money laundering process which has the capacity to adversely impact the financial status and condition of the economy under the representative of the one of the leading central authority named Enforcement Directorate to deal with such matters. ![]()
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