Tag Archives: Money Laundering Business Q&A

Financial Action Task Force: Define FATF?

Money Laundering: Financial Action Task Force

A major economic evil related to financial sector is the practice of money laundering. Money laundering involves keeping financial assets from illegal activity in a disguised manner. This money is kept without detection of the illegal activity for future use. Through money laundering, the launderer transforms the monetary proceeds derived from criminal activity into funds with an apparently legal source. …

Read More »

What’s Generalized System of Preferences: GSP

India USA Ties / Relationship

The US has withdrawn the Generalized System of Preferences (GSP) benefits provided to India and few other developing countries. GSP withdrawal will be enforced from 5th of June 2019. GSP is an arrangement that allows concessional or zero tariff imports from developing couturiers into the US. Withdrawal of the GSP benefit is expected to adversely affect exports from India. What …

Read More »