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FIU ACTION
No law bans withdrawal of cryptocurrency: BinanceIndian crypto exchanges are blocking user withdrawals fearing misuse for money laundering. Global exchange Binance, however, permits free w...- Govt flags ‘high-risk’ crypto system in note to Parliamentary panelIndia's virtual digital asset sector is now high risk. Intelligence reports reveal extensive illegal activities including drug trafficking ...
- Decoding SAFU: The structural integrity checks every cryptocurrency exchange must passAs India's digital asset market matures, investors prioritize counterparty risk and verifiable institutional standards. The article outline...
- India developing indigenous capability to detect unregistered virtual asset service providers: FATF reportIndia is launching a groundbreaking Virtual Asset Lab to identify unregistered offshore virtual asset service providers. This initiative ta...
- Binance, Kucoin get FIU nod to register and trade in IndiaThe Indian government's Financial Intelligence Unit (FIU) has approved the registration applications of offshore cryptocurrency exchanges B...
- FIU notifies fresh money laundering, terror financing reporting alerts for capital marketsIndia’s financial intelligence unit issues new alert indicators under PMLA for various sectors to combat money laundering and terrorism fin...
- Paytm Payments Bank failed to put apparatus for detecting, reporting suspicious transactions under PMLA: FIUAfter the Union finance ministry issued a press statement on the FIU action, a Paytm Payments Bank spokesperson had said that the penalty p...
- India blocks global crypto sites Binance, Kucoin, OKX, others over laundering fearsIndia blocked access to foreign cryptocurrency exchanges like Binance, Kucoin, and OKX, as well as virtual digital asset service providers....
- Threat of ban looms over offshore crypto platforms as govt weighs inThe government may ban offshore cryptocurrency dealing apps like Binance in India if found guilty under the Prevention of Money Laundering ...
- Indian crypto exchanges record higher trading volumes after FIU action on global exchangesLeading Indian crypto exchange Coin DCX has recorded a sharp increase in deposits post-FIU's action. Another prominent crypto exchange, Coi...
- Panel on whether payment gateway reporting entity under PMLA contrary to court order: PayPal to HCPayPal has contended that only a bank or an authorised dealer of foreign exchange will be a reporting entity and it only a facilitator of f...
- Committee set up to examine if payment gateway can be reporting entity under PMLA: Centre to HCThe submission was made before Justice Prathiba M Singh by Additional Solicitor General (ASG) Chetan Sharma who said the committee held a m...
- PayPal faces Rs 96 lakh penalty for violating India's anti-money laundering processesPayPal, which began India operations in November 2017, said it was fully committed to follow due processes and is "carefully reviewing the ...
- Banking transactions of govt employees under CVC scannerThe CVC has been regularly getting suspicious transactions reports (STRs) from the Financial Intelligence Unit (FIU) on dubious banking tra...
- BSE sets up new system for reporting suspicious tradesTo check money laundering through stock markets, top stock exchange BSE has asked its members to report on a monthly basis details of the S...
- Black money: Financial Intelligence Unit begins tracking overseas money transferFinancial Intelligence Unit has begun tapping information on all suspicious cross-border fund transfers made from India to offshore destina...
- Financial Intelligence Unit detects over Rs 7,800 cr black money in 2013-14The huge amount of black money could be detected as the FIU saw an about 100% jump in Suspicious Transaction Reports at 61,953 dossiers.
- FIU to probe private banks sting caseThe FIU, an enforcement agency, is empowered to undertake investigations under the provisions of the Prevention of Money Laundering Act (PM...
- India joins global anti-money laundering clubFinancial Intelligence Unit-India (FIU-IND) has been admitted as the member of the Egmont Group at its recent plenary session at Hamilton, ...
- Busting money laundering-terror linkIn recent years, financial miscreants have cast themselves wider by accommodating and abetting the gory, duplicitous world of terrorism.
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