MONEY LAUNDERING - The Game of Power of Attorney (POA)

MONEY LAUNDERING - The Game of Power of Attorney (POA)

Broker - Registered Trading Member of Indian Stock Exchanges. They make lucrative offer to their client and allure them to take loan for the purpose of buying share and stock. They would tell the trader that they have a tie up with the bank, and would be able to get them a loan faster, at lower interest rate and without any collateral security. This loan can only be done through them, and if the trader approached the bank he would not get the same offer. With this loan trader would be able to increase it transactions and make more profit.

Broker would tell the client that for this the broker would need the power of attorney of the trader’s new bank account as it is a rule of the bank, and would only then enable them to get the loan at lowered interest rates and without any collateral security. And this would also speed up the transaction from trader’s bank account to broker’s account and from broker’s account to exchange.

Now when the client agrees to open a new bank account and to give the power of attorney to the broker, only to operate his new bank account, the broker would give him a bunch of documents to sign along with new bank account form. The broker would tell the client that the bank account would be in the same name as their database and would be opened by their head office as they have a tie up with the bank and it is one of their company policies, this would also speed up the process for the trader, and he need not give all details and just sign on the documents as they would do all the necessary formalities after client identity verification. Now the broker would fill in the new bank account form the details of his subsidiary group company or sister concern, and this account would now be used for money laundering. The account would only be used for online fund transfers through automated software.

The client or also called trader in above paragraph’s is innocent and unknown from the transactions happening through this account, as all the bank statements and transaction details are being sent to the address the broker introduced in the new bank account opening form, and this is why the account is not actually the traders account. In this scheme neither the broker nor the company or subsidiary group company and sister concern can be held responsible as the account was not in their name and are not operating this account directly, but are actually using it through non legitimate means. 

There are thousands of such accounts used by the business owners to do money laundering, because such a huge number of accounts make it really hard to trace. And neither are these accounts in the name of any one individual. These accounts are called Power of Attorney (POA) accounts. The operators of these accounts are called power of attorney holders and they are India’s biggest business group and their Director, Chairman and Managing Directors. These schemes are not disclosed to employees at smaller level and are protected from anti crime and anti corruption agencies.

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MONEY LAUNDERING- The Game of Figures.

MONEY LAUNDERING- The Game of Figures.

It is the crime of processing stolen money through a legitimate business or sending it abroad to a foreign bank, to hide the fact that the money was illegally obtained. Money laundering happens in almost every country in the world. Criminals are trying to disguise the origins of money obtained through illegal activities so it looks like it was obtained from legal sources. Otherwise, they can't use the money because it would connect them to the criminal activity, and law-enforcement officials would seize it.

It starts by obtaining or taking over a legitimate company or organization, XYZ PVT. or LTD., with existing bank account used to deposit legitimate earnings. The company would now be registered in the name of the new owner by the Registrar of Companies (ROC) but there is no change of ownership in the bank account. The previous owner, chairperson or director of XYZ PVT. or LTD. may or may not be a part of the scheme. The new chairperson would now change the name of the company from XYZ PVT. or LTD. to ABC PVT. or LTD. and operate with the new name, but the bank account of the company stays the same with the same name XYZ PVT. or LTD. The entire online fund transfer of ABC PVT. or LTD., hence the account being the same, would be done using the account of XYZ PVT. or LTD. thus these funds are illegally obscured and are being legitimately used by the business owner. Now in this case neither the previous nor the existing owner can be held liable for the account XYZ PVT. or LTD. cause the previous owner has already sold the company and the new owner is not responsible for the account of XYZ PVT. or LTD. as it was not updated to the new company owner, and also cause he is running a new company called ABC PVT. or LTD and not XYZ PVT. or LTD.  

People involved in such schemes would be high level individuals, any or all the board of directors and the bank branch office or the bank itself. The top level executives are involved so that these activities do not get disclosed at smaller levels, which would make it easier to hide it from legal authorities and anti crime bodies of the state or the country.  

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VOGAZ Delay (DLY)

The Stock Market

VOGAZ research says that maximum no. of Intraday traders lose their money sooner or later, the rarest of rare intraday traders who manage to pull out profits go through heavy risks which are dangerous for any business. In such case, these traders need to manage their risk- return relationship.  The relationship between risk and return in the stock markets has been one of the most investigated topics in financial economics. The risk-return relationship is of elementary importance in economy. Investors require a higher return from the market portfolio than from risk free return investments. This market portfolio return depends on risk indicating a positive relationship. VOGAZ study differs from the previous researches as our purpose is to examine the risk- return relationship during the trading session, an approach that has never been established in financial literature. Additionally, VOGAZ uses high frequency data from the Indian financial markets in order to examine intraday characteristics and price patterns of a stock exchange.

VOGAZ Delay (DLY) 15 min’s

The fifteen minute interval in VOGAZ Delay (DLY) is big enough for new information to be incorporated in prices of stocks in markets. Additionally, fifteen minute intervals have been used in a lot of studies and thus we have a basis for comparison. Twenty fifteen minutes intervals have been formed and all of them have been used in the technical analysis. The first observation of the session could be subtracted because it consists of information that has not been derived during the session, because during the period the stock market was closed. Despite this argument, the time series have remained uncut as the goal of this study is to investigate the characteristics of the trading session which are connected with the way that information is incorporated into prices in every time. Thus VOGAZ delay analyses the market and delivers the best time for trading with the best trading strategies and gives the best possible result.

VOGAZ the next generation features

VOGAZ Predictor & Forecaster

Today’s dynamic financial markets need flexible decision making with fast, easy revision capabilities. With Vogaz predictor, you will make quicker and safer decisions and it will also give you realistic predictions to help you prepare for the future. Then as the market climate changes you can respond more successfully by adjusting to desired decision.

 Predictor is designed to automatically tell you the future of the stock, forex or commodity. With VOGAZ Predictor you would know the right price to buy or sell the share, forex or commodity. Predictor with the help of highly tested studies and parameters will give you 99% success in share/stock market, forex and commodity market. This automatically analyses equities and derivatives (future & options) of NSE, BSE, MCX, NCDEX, NMCE and MCX-SX. Predictor increases the overall effectiveness of trading and investing. With the help of Vogaz you can consistently make right trading decisions and win in today’s market.

VOGAZ also gives you the privileges of the Forecaster, with special bull and bear indicators. With Forecaster you would get to know if monthly weekly and daily movements of share/ stock, forex & commodity were bullish or bearish. The technical indicators in forecaster will help you make firm decisions for best results in financial market.

VOGAZ the future trading tool

VOGAZ the technical analysis & charting software for stock forex commodity market investors and traders of NSE, BSE, MCX, MCX-SX, NCDEX, and NMCE, with its highly advanced charting, most user friendly interface and incredible features like forecaster and  predictor  not only makes trading smarter , safer and easier but gives it a whole new edge. VOGAZ with its technical analysis helps market investors and traders to make smarter and safer decisions. Vogaz gives you the ultimate freedom with

-9 different price  styles,                                                                                                                                                    

- 100+ indicators,                                                                                                                                                                           

- Line studies                                                                                                                                                                       

- 16 in 1 high definition multi window interface.

The VOGAZ product suite targeted toward individual traders include end of the day(EOD) and Delay(DLY)  variants of the software along with is data subscriptions, graphics, and its technical analysis components, which serves professional traders in the world’s biggest financial institutions.

Products

VOGAZ End of Day (EOD) is specifically designed for traders who do their analysis after the markets close. Whether you're an experienced, active trader or just learning how to trade the markets, VOGAZ helps you succeed. It contains powerful analysis tools so you can make informed decisions about what to buy and sell, and when to execute, resulting in the most profitable trades. VOGAZ comes with incredible features like forecaster and predictor that are reliable and would take your analysis to the next level.

VOGAZ Delay (DLY) gives you the best of time for trading with the best trading strategies and best possible results. By trading with Vogaz (DLY), save you from speculation, fake buying /selling, trader traps, fake news, artificial created buying selling, margin selling and small operator created artificial attraction towards buying or selling of stock, forex and commodity. 

Mutual Funds India

Now trade in Mutual Funds with VOGAZ Mutual Fund Tracker. You can check Technical Analysis of your favourite Mutual Funds you can Analysis how Mutual Funds are doing on charts and are they bullish or bearish in the financial markets.

Only big financial players can change the movements of financial markets so you have to know what they are thinking. So with the help of VOGAZ Mutual Fund Tracker and its indicators be confident on when to buy, sell or hold a Mutual Fund.

Mutual Funds price movements can be checked/watched in different price styles and with different Technical Indicators.

Stock Market Technical Statistics

Technical Statistics With the help of last traded price or closed price of End of Day (EOD) Delayed  (DLY) or Real Time (RT)Quotes, for your Stocks, Forex & Commodities. You can find next moves of technical’s indicators, which can very help, for your trading decisions. Technical Statistics help pointing out the technical indicators that are under bullish zone and bearish zone on a last traded price/ closing price of Stock, Forex & Commodity, and the total no. of indicators that are bullish and bearish. Hence, be confident on when to buy or to sell a Stock, Forex & Commodity. We can save ourselves from heavy losses by reacting correctly and sensibly by analysing the market movements. Technical Statistics provide the platform for making such decisions.

Stock Market Predictor

VOGAZ Predictor With the help of last traded price or closed price of EOD DLY or Real Time (RT) Quotes for your Stock, Forex & Commodity. You can find next moves of technical’s indicators which can very help for your trading decisions. VOGAZ Predictor indicates and points out the price of Stock, Forex & Commodity where the most no. of indicators are Bullish or Bearish, i.e, VOGAZ Predictor will indicate if a Stock, Forex & Commodity crosses a certain price level then is it bullish or bearish.

Stock Market Forecaster

VOGAZ Forecaster with the help of last traded price or closed price of EOD DLY or real time Quotes for your Stock, Forex & Commodity, you can find the next movements of Stock, Forex & Commodity with technical’s indicators which can help to confirm your trading decisions confidently. VOGAZ Forecaster with the help of last traded price or closed price of EOD DLY or Real Time (RT) Quotes for your Stock, Forex & Commodity, you can find the next movements of Stock, Forex & Commodity with technical’s indicators which can help to confirm your trading decisions confidently.