India imposes money laundering regulations on crypto industry

India’s crime fighting agencies have been investigating crypto exchanges and individuals on money laundering charges and have now put the onus on exchanges to report suspicious transactions.

• 2023-03-14
• digital assets India Prevention of Money Laundering Act Enforcement Directorate Rajagopal Menon PMLA cryptocurrency exchanges

India's Crypto Businesses Handed Anti-Money Laundering Obligations for First Time

They will have to register with the Financial Intelligence Unit and voluntarily report suspicious activities.

• 2023-03-08
• India Financial Intelligence Unit FIU suspicious activity Prevention of Money Laundering Act suspicious activities PMLA Sumit Gupta verification processes businesses