Project Synopsis 2 (1)
2
PROJECT SYNOPSIS TITLE OF THE PROJECT: ANTI MONEY LAUNDERING & KYC: A NECESSITY FOR NEW ERA BANKING FUNCTIONAL AREA: FINANCE WHY THIS TOPIC IS CHOSEN: the importa!e o" the #t$% i# to #ho' the #erio$#e## o" the !rime o" moe (a$%eri) that i# the !a$#e o" !o((ap#e o" atioa( e!oo mie# a% the e)ati*e #o!ia( e""e!t# o" thi# !rime+ a# 'e(( a# the #t$% 'a# a% mea# $#e% i the imp(emetatio o" moe (a$%eri) operatio# a% the re(atio#hip a% the ro(e o" !ommer!ia( ,a-# a# a too( mo#t !ommo( $#e% i the "i)ht a)ai#t the !rime o" moe (a$%eri) OBJECTIVE AND SCOPE OF STUDY: • I%eti"i) the !o!ept+ it# ori)i a% it# hi#tori!a( %e*e(opmet • St$% o" the #ta)e # o" moe (a$%er i) operatio # a% the mea# a% metho% # $#e% i their imp(emetatio • E""e!t# !a$#e% , the !rime o" moe (a$%eri) o e!oomi!+ #o!ia( a% po(iti!a( a#pe!t# • Mea# a% metho%# that !a ,e $#e% i !om,ati) the !rime • Co#t$mer %$e %i(i)e!e a% re)$(ar $p%ate# o" KYC pro"i(e o" hi)h et 'orth !(iet# to a*oi% mi#!o%$!t. METHODOLOGY OF STUDY: Research - E!"#ra$#r%
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Transcript of Project Synopsis 2 (1)
PROJECT SYNOPSIS
PROJECT SYNOPSIS
TITLE OF THE PROJECT: ANTI MONEY LAUNDERING & KYC: A NECESSITY FOR NEW ERA BANKING
FUNCTIONAL AREA: FINANCE
WHY THIS TOPIC IS CHOSEN: the importance of the study is to show the seriousness of the crime of money laundering that is the cause of collapse of national economies and the negative social effects of this crime, as well as the study ways and means used in the implementation of money laundering operations and the relationship and the role of commercial banks as a tool most commonly used in the fight against the crime of money laundering
OBJECTIVE AND SCOPE OF STUDY: Identifying the concept, its origin and its historical development Study of the stages of money laundering operations and the means and methods used in their implementation Effects caused by the crime of money laundering on economic, social and political aspects Means and methods that can be used in combating the crime Costumer due diligence and regular updates of KYC profile of high net worth clients to avoid misconduct.
METHODOLOGY OF STUDY:Research - Exploratory
DATA COLLECTION SOURCE: SECONDARY DATA Data obtained from the RBI website,World Bank Data obtained from RBI bulletin, Journals and articlesWhat contribution would the project make?The project sheds the light on effects caused by the crime of money laundering on economic, social and political aspects.Means and methods that can be used in combating the crime of money laundering.Study ways and means used in the implementation of money laundering operations and the relationship and the role of commercial banks as a tool most commonly used in the fight against the crime of money laundering
HOW YOU PLAN TO PROCEED FOR YOUR PROJECT.1. Information collection 1st December to 20th December2. Compiling of DATA - 20th December to 15th January3. Final project preparation and submission 15th January to 15th February
NAME: Nitin Pal SinghROLL NO: FC13150MOBILE NO. : +919999030138EMAIL: [email protected]:
Signature of Faculty Mentor
Note: Copy of approved synopsis is to be attached with the final report
