"MONEY LAUNDERING-COMPARATIVE ANALYSIS-THE UK &INDIAThus, this graph explains that the nation has a long way to go in combating thisoffence, and its achievements can be termed as the tip of the iceberg.Thus, after understanding the comparative analysis and after note on the differentachievement of UK and India in the war against the crime of money laundering we proceedfurther in concluding the dissertation.CONCLUSIONAfter a thorough research analysis and discussion of regulations, laws comparison of thesame between these two nations, we finally conclude all these discussions under the currentsection. Money laundering is observed to be a predicative crime that effects the developmentof the economy. This act is criminalized in both the nations in discussion. The offence ofcriminal confiscation and money laundering are inter-linked i.e. while investigating thehappenings of proceeds of crime then the offence of money laundering is definitely disclosed.The criminals who have actively participated in laundering money attempt to separatethemselves from the crime by finding safe havens that help protecting their profits andavoiding orders of confiscation such that the proceeds from those activities appear to belegitimate. From the discussions under the introductions chapter it can be understood that theact of money laundering has different forms and is divided into three states such asplacement, layering and integration, however it is not essential that every activity or proceedsinvolved in the act of money laundering in involving all these three stages of moneylaundering, it varies based on the nature of the offence.Combating the process of money laundering that helps in financing other crimes andviolations such as terrorism, is not a simple task but a dynamic process as the criminals Page 57 MONEY LAUNDERING-COMPARATIVE ANALYSIS-THE UK &INDIAinvolved in this act are in continuous search for new techniques to do the act and satisfy their83 illicit motive. The criminals who deal with the activities of money laundering havecompleted with the legislations of all the nations they want to continue their activity. Thedissertation has also briefly specified the negative impact the proceeds of money launderingand money laundering on the business, economy and society of the nation.As we observe that many nations are trying their level best in reducing the offence of moneylaundering through international cooperation, multiple conventions and agreements thecriminals are launderers are targeting the nations that have week legislature and has notenacted the required laws for combating this crime. With a huge network of information thelaunderers try methods to overrule the provisions of any legislature.As per the discussions it can be presumed that both the nations UK and India have triedeffectively in recognizing the offence of money laundering and measures for eradicating thesame. In addition to these two nations all the nations globally have taken a step ahead incombating the process of money laundering. Irrespective of its GDP every nation is targetedby the money laundering offenders who always plan to maintain different hubs and stations inexpanding their network in the said economy.Additionally, it can be observed that based on the history of money laundering in both Indiaand UK it would be helpful for you to understand the reason behind the framing ofconsolidated laws on money laundering which include extraction from other acts governed bythe nation. Thus, from detailed discussion made under different sections above it can beconcluded that irrespective of the measures taken to curb it the act of laundering money isstill at large globally because the individuals involved in this act are not just targeting the83Same as note 7 Page 58 MONEY LAUNDERING-COMPARATIVE ANALYSIS-THE UK &INDIAwitnesses of the offence but also the judges. This means of targeting by the criminalorganizations effect the judicial proceeding in not just money laundering criminal cases butmost of the criminal offences. Thus, it is essential that the government implement measuresto protect and safeguard witnesses and judges who actually need it. One of the nations thatacts as a successful nation in the area of witness protection is Italy.Additionally, it can be concluded that the existence of laws per se is not the issue but lack ofproper means for effective enactment of these laws is the main issue that every judiciary hasto combat for combating the offence of money laundering. In addition to explaining theoffences under different legislations the dissertation has also briefly discussed certainmeasures such as transparency, maintenance of records, international cooperation betweenthe department of police and other legal officials, training to legal officers, maintaining acontrol and check over the private sector and monitoring the banking and financial sectors,etc., as means for combating the offence of money laundering.On a final note it is concluded that irrespective of its economic and legal structure everynation is tainted by the crime of money laundering and this dissertation did help us inunderstanding how and when money laundering entered the society of these two nations andhow all the nations globally are waging war against this activity. Additional note to theconclusion is that instead of the different legislations enacted by the nation, the offence ofmoney laundering cannot be uprooted from the economy and society unless every individualtakes it as a responsibility from their end and fight against it or protect people fighting againstit. Page 59 MONEY LAUNDERING-COMPARATIVE ANALYSIS-THE UK &INDIABIBLIOGRAPHYPRIMARY SOURCELEGISLATION? Prevention of Money Laundering Act, 2002? Interpol General Secretariat Assembly in 1995 http://www.interpol.int/Crime- areas/Financial-crime/Moneylaundering ? UNODC , “Global Programme Against Money Laundering”, www.unodc.org. ? GDP, current prices, from the IMF [28], World Economic Outlook Database, April2009. The Exchange rate from www.xe.com based on the conversion rate on the 1st ofJuly of the estimated year.? Commencement No. 4, Transitional Provisions & Savings Order 2003? 4th EU Money Laundering Directive? International Narcotics Control Strategy Report, 2006? 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