TRADE-BASED MONEY LAUNDERING: UNVEILING THE ECONOMIC CANCER IN INDIA - A FORENSIC APPROACH STUDY

Abstract

India, with its extraordinary market and growing tendency, there is abundance of
commercial opportunities. While India holds evident commercial opportunities, it must be the
same time addressed that there exist challenges due to this ease of doing businesses, like Trade
Based Money Laundering (“TBML”). TBML is a problem for the Indian economy and stability
because it may decree the collapse of financial integrity, violate trade dynamics and prevent the
country from the possibility of progress. This paper is concerned with the wide spread TBML in
the context of India and hints the reasons why it is there, the aftermath and whether India should
adopt a forensic approach in order to defeat this "economic cancer".The research delivers crucial
findings to assist government, policymakers and regulatory authorities along with financial
institutions in creating efficient preventive strategies against money laundering. This creates vital
benefits for both forensic accounting professionals and financial investigators and law enforcement
workers conducting money-laundering investigations. This current research relies on a restricted
range of material yet future investigations be explore different detection methods for money
laundering.