Criminal Trident Pack: IPC, CrPC and IEA by Sr. Adv. G.S Shukla and Adv. Raghav Arora
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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?


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