The concept of money laundering was always negative in nature and is now seen as a monetary transaction that generates an asset as the result of an illegal act. This now includes tax evasion and false accounting. Today, money laundering continuoes to be linked with the problem of drug abuse and for financing terrorists.
ABOUT THE AUTHOR Dhandapani Alagiri
Dhandapani Alagiri is an Engineering graduate in the Electrical and Electronics discipline and also holds a Masters in Business Administration as well as Economics. His other professional qualifications include Chartered Financial Analyst (CFA) and Certified Treasury Manager (CTM). He has been teaching and guiding MBA and CFA students for the past decade, besides working in Engineering firms and Banking sector. He is currently working as a Faculty Member with the Icfai Business School Research Center, Chennai. His areas of interest include Corporate Finance, Investments, Financial Services, Managerial Economics and Macro Economics. He also contributes to various finance and management magazines and journals.
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