Discuss the role of technology in combating money laundering, as highlighted by the ED raids in the pornography-linked case involving Raj Kundra.
Explore the use of technological tools and surveillance methods in addressing financial crimes such as money laundering in the digital age.
- Technology plays a crucial role in combating money laundering by enabling financial institutions and investigators to track and analyze suspicious transactions in real-time.
- Advanced software tools like anti-money laundering (AML) systems and blockchain technology are used to monitor and detect patterns of money laundering activities.
- Big data analytics and machine learning algorithms are utilized to identify anomalies and flag potential cases of money laundering for further investigation.
- Digital surveillance methods, including transaction monitoring software and digital forensic techniques, help authorities trace the flow of illicit funds and gather evidence against perpetrators.
- In the Raj Kundra case, technology likely played a key role in uncovering financial irregularities related to the alleged money laundering activities associated with the pornography business.
Answered
5 months ago