Pmla - Febspot

Pmla

A collection of 2 posts

Enforcement Directorate raids Nagpur group tied to alleged 'Ether Trade Asia' scam — Assets.beincrypto.com

Enforcement Directorate raids Nagpur group tied to alleged 'Ether Trade Asia' scam

Beincrypto reported that India's Enforcement Directorate carried out search operations in Nagpur, Maharashtra, after cracking down on an alleged cryptocurrency fraud that caused investor losses of over Rs. 4.25 crore. The ED said it searched three locations on January 7 under the Prevention of Money Laundering Act,

India's FIU Registers 49 Crypto Exchanges Under AML Rules — Assets.beincrypto.com

India's FIU Registers 49 Crypto Exchanges Under AML Rules

Beincrypto reports India’s Financial Intelligence Unit (FIU) said 49 cryptocurrency exchanges completed registration under the country’s anti-money laundering framework for the fiscal year 2024–25. The FIU’s annual report said 45 of the platforms are domestic and four are offshore platforms registered as reporting entities, enabling them