Bank Theory

AML AND KYC AML AND KYC Part 1 AML AND KYC Part 2 AML AND KYC Part 3 FOREIGN EXCHANGE FERA 1973 FEMA 1999 FEDAI AND RULES REGULATIONS MSME "MSME"-Micro Small and Medium Enterprise New definition as on 01 July 2020 with easy to remember Ninja technique. ARREAR 11TH BPS Arrear Calculator BOND CALCULATION Bond Sensitivity, Macaulay’s Duration, Modified Duration or Volatility & Intrinsic Value

What is Money Laundering? Before we talk about Anti-Money Laundering first of all we need to discus about “What is Money Laundering?????” Money Laundering is the process by which money derived from criminal activities (like drug trafficking, illegal arms sales, extortion, gambling etc.) is so brought into the financial system as to conceal its illicit origin (illegal source) and to make it appear to be from licit origin(legal source).** Process of Money Laundering:- Placement ----> Layering--->Integration Placement: Deposited dirty money in a Bank or in a Financial institution its called PLACEMENT. Layering:- Dirty or Illegal Money which was deposited in a bank or financial institution, now transferred different banks including foreign or offshore bank for hiding the origin of the money. This process is called LAYERING. Integration:- Dirty money which was transferred different offshore banks now back to our system as investment as clean money, its called INTEGRATION. ...