Money 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 "clean" money to the launderer in an obscure and indirect way. Money Laundering is a criminal act of misrepresenting illegally obtained money, such as from drug trafficking or terrorism, being obtained from legitimate resources. It is one of the illicit activities through which criminals disguise their original ownership of undeclared money by making proceeds appear to have been derived from lawful sources. The main objective of my research is To know the impacts of money laundering in India, To know the prevention and controlling methods of money laundering ,To analyse the money laundering. The researcher has done empirical study on money laundering in India. The primary information for the research is collected through online surveys from randomly selected respondents which included general public of different age groups with a well framed and structured survey questionnaire. The collected responses are portrayed in crosstab table and chi square tests table. The calculation done by the researcher based on the responses received is the pearson chi square technique was used. Money laundering economic development. International financial community should strongly support anti laundering efforts and cooperate to share information and regulatory and enforcement action. Developing countries should impose anti laundering Laws to improve the credibility of not only its financial sector, but its governance as well.