India

Anti Money Laundering services 

Forensic India

 

Money laundering seeks to disguise the origins and true ownership of funds. It is used to legitimize the proceeds of criminal activity and to obscure the funding of even clandestine activities such as terrorism. The continuing evolution and rapid development of anti money laundering (AML) laws and regulations in India and globally has given organizations a greater responsibility to prevent, detect and report money laundering.

 

The Prevention of Money Laundering Act, 2005 requires financial services organizations to introduce robust AML programs that establish or enhance policies and procedures in order to support law enforcement in intercepting and obstructing the illegal flow of funds. Penalties and regulatory sanctions aside, any association with money laundering can expose organizations and individuals to adverse publicity and reputational damage.

 

KPMG works with organizations to understand their risk profile and address the factors they need to consider to help prevent money laundering and comply with domestic and international requirements.

Our services include:

  • Advice on Indian AML requirements
  • Gap analysis and benchmarking against leading industry practices
  • Review of customer onboarding process
  • Periodic refresh exercises
  • Remediation
  • AML systems implementation
  • Assistance with transaction look-back
  • Training
  • AML due diligence for a target

 

To further help organizations understand their level of compliance and benchmark themselves against global standards, we release the AML Survey, a biennial report. It is a much sought after publication by banks, practitioners, regulators, law enforcement agencies as well as the media.

Our Services

  • Anti-Money Laundering and Know Your Customer
  • Competition Economics Services
  • Counterparty Due Diligence
  • Cyber Incident Response Framework
  • Forensic Law channel Brochure
  • Fraud Risk Management Brochure
  • Forensic Data Analytics Framework (PDF, 57 KB)
  • Forensic Generic Brochure (PDF, 202 KB)
  • Forensic Services
  • GMP Compliance Services flyer
  • How technology can assist legal practitioners
  • License Compliance Advisory (PDF, 268 KB)
  • Verification Services (PDF, 58 KB)