The Economic Times

Non-compliance notices issued to 15 Virtual Digital Asset service providers under PMLA

India's Financial Intelligence Unit issued notices to fifteen Virtual Digital Assets Service Providers. These firms operated without complying with anti-money laundering regulations in India. The Director of FIU-India also ordered the takedown of illegal applications and URLs. Fifteen firms were brought under the AML/CFT framework in March 2023. Virtual Digital Assets Service Providers must register with FIU-India and follow mandated obligations.