Money laundering.

Abstract

The purpose of this project is to create awareness among the readers as to what money laundering is.

This project begins with a description of money laundering, followed by an examination of the banking practices adopted to prevent it. The legislative and regulatory structure is also discussed so as to allow the readers to gain an insight of the enforcement here. Finally, the project concludes with case illustration and interviews with bankers in Singapore.

This project has exposed the authors to the various aspects of money laundering. It is hoped that the readers will benefit just as much as the authors have while doing the project.