An Analysis of Cash Transaction Reporting (CTR) by Banks With Reference to Money Laundering in India

Authors

  • Vikas Madhukar Amity University, Gurgaon
  • Rima Bajaj Amity University, Gurgaon

DOI:

https://doi.org/10.33516/maj.v49i7.88-95p

Abstract

It has been found that statistically there is a significant difference between the expected number of CTR reporting from public, private and foreign banks as compared to their actual observed reporting. Therefore, it can be concluded that there is a bias in the number of CTR reports published by these banks. Marketing executives in commercial banks are working under tremendous pressure to fulfil their business targets at any cost.

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Published

2014-07-01

How to Cite

Madhukar, V., & Bajaj, R. (2014). An Analysis of Cash Transaction Reporting (CTR) by Banks With Reference to Money Laundering in India. The Management Accountant Journal, 49(7), 88–95. https://doi.org/10.33516/maj.v49i7.88-95p

Issue

Volume 49, Issue 7, July 2014

Section

Banking
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References

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Source : Charted Accountants Journal, May 2011 Money Laundering and Tax evasion by John Nash FCA

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David Chaikin (2009), 'How effective are suspicious transaction reporting systems?', Journal of Money Laundering Control Vol. 12 No. 3, 2009, Emerald