Analytics to identify laundering accounts

Money laundering as identified by many of you and members of the Fight Corruption Circle has taken place post demonetisation. Laundering has happened through employees, jan-dhan accounts, property sales, jewelers, foreign currency and hawala trades, shell companies, farm supply chain and many other ways.

It is critical that while these funds are still in the bank the Government implements advanced analytics to find such accounts quickly without inconveniencing others.

With this post, we would like to seek your specific inputs on what should be the logic at the core of such analytics.

We look forward to your inputs! more  

View all 42 comments Below 42 comments
Millions of qualified and uneployed people there in our country why not replace corrupted goverment and bank employees by giving chances for new dedicated job seekers more  
Now itself genuine Tax payers are suffering from many angles like price hick, want of funds from bank through withdrawals, Elders and working class inability to stand very frequently in the bank queues and loose their energy and life, etc. more  
All this should be done without any knowledge of the banks, Govt. officers. politicians, media, etc or they will find loopholes and abuse it. So, who is left to choose from? a couple of young bright mathematicians, programmers, under the guidance of an ISRO scientist, isolated in a room for a couple of months and it can be done. more  
Dear Mr. Ranbir you should file a case against the bank person - you could have got into trouble - thanks for sharing a useful post more  
Some committee should be formed to go through such transactions. How much one can rely on tax departments. Otherwise only genuine tax payers will suffer. more  
Post a Comment

Related Posts

    • Is aviation minister facilitator of airline loot

      A friend who was booking this am said the airfare from Delhi to Leh, one way is now Rs 30,000 in economy class. The Govt by removing fare cap has made a gross mistake something that ena...

      By Seema Mehra
    • Approach with wrestlers must change

      The way wrestlers were handled by Delhi Police was very inappropriate and this approach must be corrected. Can you imagine the Delhi Police ever dragging Rohit Sharma, Virat Kohli, Sachi...

      By Neelam Bose
    • Values for the new parliament

      So well articulated in here by our bollywood badshah. Let us all ensure that we dont elect any parliamentarian who divides people, polarises people, is corrupt, doesnt respect women or has criminal...

      By Ruchika L Maheshwari
    • Why exchange of 2000 is not being stopped

      This localcircles survey is going everywhere in whatspp groups saying people support this move of Govt.

      By Rajeev Shukla
    • Assessment of Central Government

      For last 5-6 years I have been seeing LocalCircles doing survey on performance of Central Govt and these surveys have been very reflective of the ground mood. However this year the LC Manager hasn&...

      By Shirisha Kumar
    • Terrible vip culture of babus

      In Chhattisgarh, an officer's I-phone fell into a dam reservoir. Two pumps of 30 horsepower, ran 24 hrs, and pumped out-hold your breath- 21 lakh litres of water, this water could have irrigated 1,...

      By Sudesh Rai
    • Air Conditioning after sales services

      Most companies are quite poor and slow and expensive when it comes to service and repair of ACs and that is why so many of us rely on the local vendors. Govt should form rules around res...

      By Reeta Kumar
    • Govt and RBI not thinking right

      Attached currency exchange update from RBI says that exchange will carry on as before. If no ID proof is needed, what will prevent a repeat of 2016 when people were hired to exchange cur...

      By Dipali Yadav
    • Jewellers have started charging premium for accepting 2000

      Some Jewellers have started Charging a Premium on Gold for Accepting the ₹2000 Currency Note Gold Official Rate (With GST) - ₹63,800 Unofficial Rate if Paid with ₹2000 - ₹67,000

      By Venkata Lukka
    • 2000 rupee note exchange will be problematic

      Why Demonetisation in 2016 was a scam. And so, why 2023's Rs2000 note exchange is the scam repeat. Here is how it works: Suppose you have Rs 20 lakh in black in Rs 2000notes. You can't ...

      By Ruchika L Maheshwari
    • TCS on foreign spending

      Glad LC manager took this up and we made lots of noise on various platforms including LC and the Govt has announced action (attached) that those spending under 7L per year abroad wont be subjected ...

      By Shikha Jain
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)