KPMG publishes report on Anti-Money Laundering
KPMG, one of the world’s leading providers of audit, tax and advisory services, recently published a new report entitled The Indian Anti-Money Laundering Survey 2009.
In this report, KMPG indicated its positive attitude towards anti-money laundering regulations. According to the report, 79% of respondents believe the burden placed upon them is acceptable, 45% of respondents feel the existing requirements are sufficiently geared to address money laundering risks, while 34% think that it could be better focused on.
It should be noted that the results of the report seem to be in a way conflicting as far as the concept of anti-money laundering is still developing in India. However, the result are positive as regars organisations’ near-universal satisfactory adoption and implementation of the risk-based approach to fight money laundering in organisations.