• Parvathy S

With a growth in technology, a subsequent growth can be seen in crimes and frauds related with the same. Forensic Accounting, a new age innovation in the age old system of accounting is a practice to investigate financial frauds. Forensic accounting combines the skills of investigator with the knowledge of financial accounting. It is basically the seeking the input of accountants in crimes relating to financial frauds, misconduct, management allegations etc. An article from ‘Business Standard’ claims that almost all banks in India helped initiate transactions sore pointed by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) for suspicious financial crimes such as money laundering and financial fraud. With reference to India, the FinCEN files till now have authorized sender-receiver connections for 406 deals with all major banks, including SBI. According to the leaks Indian banks received $482,181,226 from outside the country and $406,278,962 moved from India. These transactions were sore pointed to the US authorities. (Roy,Anup. Business Insider, 21-9-2020, Mumbai)

Accounting, Forensics, Crime, FinancialCrime

"Forensic Accounting in Indian Finance", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 5, page no.f366-f371, May-2021, Available :http://www.jetir.org/papers/JETIR2105716.pdf

"Forensic Accounting in Indian Finance", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 5, page no. ppf366-f371, May-2021, Available at : http://www.jetir.org/papers/JETIR2105716.pdf