To be an effective and highly regarded Financial Intelligence Unit in the domestic, regional and international fight against Money Laundering and Terrorist Financing conforming to…
Use of False Identification The suspect ‘JKL’ opened an account at the branch of Bank ‘X’. At the time of account opening the information provided…
Structuring of Funds A set of accounts were reported to FMU wherein the individuals were connected by way of employment in a company ‘B’. Company…
Co-Mingling of Funds It was reported to FMU that large volumes of credits were made in the account of person ‘X’. The funds were then…
Use of Nominees / Trustees / Family Member’s Accounts As per news report, a Person ‘A’ allegedly involved in criminal activities and most notably in…
Laundering from Tax Offences The proprietorship accounts of IK and SA were opened in a tax exempted region and transactions in their accounts were conducted…
Use of Internet for Money Laundering The accounts of individuals suspected to have links with individuals running an international cyber-crime racket were reported. Moreover, upon…
Alternate Remittance Service / Hawala/ Hundi Case-I The case involves transfer of funds via cheques from and to the inter-connected accounts maintained in the…
Fraudulent Declaration/Capital Flight/Tax Evasion Background of the Case Suspects were involved in unauthorized capital flight and tax evasion by setting up off-shore companies. Modus…
Money Laundering from Corruption Offence Case-I During a bank’s ongoing review of an account holder, who declared himself as a landlord, was noticed to have…