IBC Code: Complete Overview and Drafting Workshop. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

AK (Manager)     16 October 2017

Accepting black(or illegal) and white money?

As an wealth management company, who maintains AND manages a pool of its clients’ money (i.e buys / sells stocks and other kinds of investment vehicles) on behalf of their clients: 1. Is it required to scrutinize whether the money the client(s) is depositing is black(or illegal) or white ? 2. If yes , how to do that checking? What are the consequences of accepting black money ? How am I going to be penalized for that?


 0 Replies

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads

Start a New Discussion Unreplied Threads
Follow us Course law

Popular Discussion

view more »

Post a Suggestion for LCI Team
Post a Legal Query