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Tag: Anti-Money Laundering

IBBI to share data with ED on defaulting promoters

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New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) is sharing data on dubious transactions by defaulting promoters with the Directorate of Enforcement (ED), a move aimed at strengthening investigations under the anti-money laundering law and aiding recovery of siphoned assets. In a statement on Sunday, the ED said it held discussions with the…

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India tightens crypto noose: Live selfies, geo-tagging now mandatory for users

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New Delhi, Jan 11 (PTI) In an effort to eliminate illegal activity in the digital asset market, India’s Financial Intelligence Unit (FIU) has unveiled stringent new Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols for cryptocurrency exchanges, including mandatory liveness detection and geographical tracking during the onboarding process. The updated guidelines, issued on January…

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