Books Authored

As a student of commerce, I was always fascinated as to how people convert their black money (Dirty Money or No. 2 money) into white (Clean Money or No. 1 Money). I had no real idea of this business and in the entire CA curriculum, there was no subject that would teach how to do this intricate job. After completing my CA, I went into the financial and banking sector jobs where trainings on compliances and Anti-Money Laundering were a regular affair but still they never focussed on how the launderers actually worked.

While working with MUFG Bank, I used to think about generation and laundering of black money being a big menace and a lot of statistics also suggested the size of this shadow economy to be no lesser than the real economy. Different statistics, but the ways of laundering are almost the same.

This made me research the ways in which money is laundered and expose them in the Book, I have tried to summarise my learning on the methods adopted by launderers to convert illicit income to apparently legitimate one.

In the book, I have stated the modus operandi that works behind the scene and enable conversion of black money into white. As I studied the topic with more interest, I thought of putting in some sincere efforts to help my country and this world tackle this menace of black money. If criminals fear that no matter how successful they are at the crime itself, there will still be problems in disposing off the loot, crime rate will definitely fall.

I believe there are various people from different facets of society – professionals as well as students who want to know how exactly the game of black to white is played. They may or may not be financial experts or finance enthusiasts but anyone who is interested in financial and economic activities should find this book useful.

Revenue and tax officials across the world would most likely be aware of most of the methods discussed here but a revisit to the basics is always beneficial and if they can effectively address to all that, what is written here, Money Laundering is sure to get a big blow.

Many of the measures taken by the government have already curbed and/or killed certain methods mentioned in this book (which are still mentioned so as to serve academic interest) and also the methods mentioned here are not the only ones used in the game of Money Laundering.