Money Laundering :
The general goal of large number of criminal acts is to generate a profit for the individual or group that carries out the act(s). Money laundering is the processing of these criminal proceeds to disguise their illegal origin. This process is of critical importance, as it enables the criminal to enjoy these profits without jeopardizing their source.
Illegal arms sales, smuggling and the activities of organized crime, including activities like drug trafficking and prostitution rings, can generate huge amounts of illegal money. Embezzlement, insider trading, bribery and computer fraud schemes can also produce large profits and create the incentive to “legitimize” the ill-gotten gains through money laundering.
When a criminal activity generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved. Criminals do this by disguising the sources, changing the form, or moving the funds to a place where they are less likely to attract attention.
In the case of such money laundering cases, we do:
Bank Accounts Checking
As detective agency for financial malpractice verification, we investigate into money laundering cases through banks and help in getting hold of the culprits. Our team collects the necessary evidences which may be used in case of any lawsuit. We investigate into the matter of financial transactions to track the dealing by checking the usage of Cheques, Drafts, Bills etc.
Transactions
We probe into the following financial transaction verification:
Revenue overstatementChannel stuffing
Round tripping
Asset overstatement
Liability and expense understatement
Reserve manipulation
Misrepresentation or omission of information
Improper recording of mergers and acquisitions
Off-balance sheet items
Accounting involves judgment and estimates
Earnings management
Bank Balance
We investigate bank balance information such as bank account statements, insurance policies, fixed deposit documents, saving accounts, current accounts, recurring deposits, fixed deposits, income and sales tax statements, ULIP, etc.