A comparative study on effectiveness of Indian regulatory system in combatting money laundering with special reference to banks

Abstract

The study the efficiency of Indian banks in reporting AML issues to Government based on type of ownership. The chapter first describes the Cash Transaction Reporting (CTR) obligation as mentioned by the Government of India newlineand subsequently takes CTR reporting data, as reported by the public private and foreign in India, and compares it to the number of reports which were expected to be filed by them based on the proportion of deposits kept by these banks. newline