Can give you examples money laundering as per prohibition and prevention of money laundering Act?

ney laundering is the illegal process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions. The overall scheme of this process returns the money to the launderer in an obscure and indirect way.[1]

One problem of criminal activities is accounting for the proceeds without raising the suspicion of law enforcement agencies. Considerable time and effort may be put into strategies which enable the safe use of those proceeds without raising unwanted suspicion. Implementing such strategies is generally called money laundering. After money has been laundered, it can be used for legitimate purposes.

Law enforcement agencies of many jurisdictions have set up sophisticated systems in an effort to detect suspicious transactions or activities, and many have set up international cooperative arrangements to assist each other in these endeavors.

Prevention of Money Laundering Act, 2002 is an Act of the Parliament of India enacted by the NDA government to prevent money-laundering and to provide for confiscation of property

There are various indications of money laundering.

1. Incoming of funds in small amounts and adding up as grand deposit.

2. Sending of funds in small amounts with large number of transactions.

3. Using different identification for deposits into one account.

4. Seggergating a big amount in small amounts for deposit or withdrawal.

5. Channelizing funds into different acounts and finally depositing into one account.

6. Placing funds in the name of other people like employees and relatives.

Any source of fund that doesn't comply with the business ethics.

. Business deals and restructuring The puppet companies, through making various activities, such as investing in lands and real estate, known for the high volatility in their prices, and thus the difficulty of determining the extent of the logical profits achieved through the operations of buying and selling, are realized by puppet companies. Puppet companies may be already existing companies, which are often stalled or bankrupt. The money cleaner buys them all or some of them, restructures them, makes fictitious profits behind them, and turns them into successful companies. This is achieved by amplifying the revenues generated by these companies and reducing the costs and expenses they incurred. All this, noting that these companies are keen to pay the tax obligations due on them, in order to keep suspicions away from their activities, and demonstrate the seriousness of their transactions. All this is done with the help of accountants and auditors, who have the first role, to complete the money laundering process in this way. Puppet companies may resort to cooperating with other companies to complete the money-cleaning process. It is agreed with another company, in a foreign country for it, that the latter export goods to it, at a price lower than the real price, and supply the difference, from the dirty money, to the account of the issuing company, or the account of one of its partners, in a foreign bank. To demonstrate this method, it is assumed that the Dummy Company, D, has an agreement with the manufacturing company, P, in a foreign country, to supply goods to D, whose true cost is $ 10 million. The company, Y, issues the goods with invoices and documentary credits, with only five million USD. Al-Dummy Company (D) imports the difference (five million dollars) from the money to be washed, in the account of one of the partners in the company (PBUH). Thus, the doll company (D), had proven in its books, the import of goods worth five million dollars. Then it sells this good at the same price (for example). Thus, she would have recorded in her documents a commodity, costing it five million dollars, and sales of this commodity of ten million dollars. In the end, the company has succeeded in merging the legitimate funds with the illicit funds, by achieving fictitious profits of five million dollars. Usually, these methods are used by major traffickers in illicit operations (drug and arms dealers), and those in leadership positions in countries, who are bribed and exploited. These are called "mules". Also, money laundering operations may take place through cash deals by owning stores, small restaurants, or other similar businesses that are difficult to audit. In a pizza pie restaurant, for example, it is difficult to determine the number of pies, which are sold per day, thus facilitating the completion of the process of merging the money, which was acquired illegally, from those that come by legitimate means. 2. Loan agreements In order for the owners of illicit funds to return their funds back to their countries, with legalization, after they have been laundered, they may resort to making "borrowing agreements" from foreign banks. In order for these banks to enter into the loan contract, they obtain a pledge, from another bank, in a country of bank haven, in which the company (or person) who wants to obtain the loan is guaranteed by the lender. Of course, the guarantor bank makes this undertaking, through the guarantees it obtains, and is represented by current accounts, deposits or assets, represented in real estate, or similar collateral.