Tag: prevention of money laundering act
Posted in Startups
ED arrests 3 founders of Gameskraft in PMLA case
The Enforcement Directorate on Friday arrested three founders of online gaming platform Gameskraft in an alleged fraud-linked money laundering case, officials said. They said Deepak…
Posted in Economy
FIU-IND issues notices to 25 offshore crypto exchanges
India’s Financial Intelligence Unit (FIU-IND) has issued notices to 25 offshore cryptocurrency exchanges for non-compliance under the Prevention of Money Laundering Act (PMLA), 2002. The…
Posted in Economy
Govt makes cybersecurity audits mandatory for crypto exchanges
Mumbai: In the wake of multiple cyber heists, the government has directed all cryptocurrency exchanges, custodians, and intermediaries to undergo cyber security audits. They would…