Money Laundering – The Impact In The Indian Economy

Metrics Not Available becuase DOI is Not Assigned [Get DOI]

Publication Information

Journal Title: Asian Journal of Multidisciplinary Research & Review
Author(s): Dr S Gopalakrishnan
Published On: 28/02/2022
Volume: 3
Issue: 1
First Page: 221
Last Page: 235
ISSN: 2582-8088
Publisher: The Law Brigade Publisher

Cite this Article

Dr S Gopalakrishnan, Money Laundering – The Impact In The Indian Economy, Volume 3 Issue 1, Asian Journal of Multidisciplinary Research & Review, 221-235, Published on 28/02/2022, Available at


Money laundering is the illegal process of making large amounts of money generated by criminal activity, may it be terrorist funding or drug trafficking, making it appear to have sprung from a legitimate source. It is considered as dirty money and the launders by all their efforts would project such transactions to be genuine and clear. This is predominantly committed uniformly by both the white-collar and other miscreants.  Online platforms and other cryptocurrencies are being used as the mode for movement of the funds by the criminals in a way by which it never gets detected. In India, the emergence of the Hawala transactions which are treated as the core part of laundering has been witnessed to be capturing its momentum in the last thirty years time.  Top business officials, politicians and other bureaucrats, in combination or individually are found to be very active in carrying out the hawala deals and contributing highly towards creating a parallel economy.  Over and above the mentioned teams, the agents of these transactions a taking a crucial role in ensuring that such transactions never misses the track.   Hence, in many ways, the money laundering activities are aiming towards generating black and illegal money abnormally.    Many business segments got affected adversely due to such dirty transactions and are invariably creating a threat to the sustainability of a decent economy. Many scams and cases booked in India in the past substantiate the depth of the penetration of laundering in the economy. Though there are so many regulations enacted in the country to counter such criminal efforts, the results of such laws in the system need a closer look.

Keywords: Dirty Money, Black Money, Terrorist Financing, Cash Smuggling, Round-tripping, Real estate transparency index, Basel Index Report, Bank Frauds, Cyber Laundering

Share this research

Latest Publications


License Information

Copyright © 2024

Dr S Gopalakrishnan

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Ownership and Licensing:

Authors of this research paper submitted to the Journal of Science & Technology retain the copyright of their work while granting the journal certain rights. Authors maintain ownership of the copyright and have granted the journal a right of first publication. Simultaneously, authors agreed to license their research papers under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) License.

License Permissions:

Under the CC BY-NC-SA 4.0 License, others are permitted to share and adapt the work, as long as proper attribution is given to the authors and acknowledgement is made of the initial publication in the Journal of Science & Technology. This license allows for the broad dissemination and utilization of research papers.

Additional Distribution Arrangements:

Authors are free to enter into separate contractual arrangements for the non-exclusive distribution of the journal’s published version of the work. This may include posting the work to institutional repositories, publishing it in journals or books, or other forms of dissemination. In such cases, authors are requested to acknowledge the initial publication of the work in the Journal of Science & Technology.

Online Posting:

Authors are encouraged to share their work online, including in institutional repositories, disciplinary repositories, or on their personal websites. This permission applies both prior to and during the submission process to the Journal of Science & Technology. Online sharing enhances the visibility and accessibility of the research papers.

Responsibility and Liability:

Authors are responsible for ensuring that their research papers do not infringe upon the copyright, privacy, or other rights of any third party. The Journal of Science & Technology and The Science Brigade Publishers disclaim any liability or responsibility for any copyright infringement or violation of third-party rights in the research papers.

Scroll to Top