https://www.taxtmi.com/article/detailed?id=10646 The article explains that money laundering using virtual currencies leverages pseudonymous blockchain addresses and services like mixing, dark exchanges, OTC trades, gambling platforms, nested services and anonymizing mechanisms to convert and integrate Proceeds of Crime. It stresses that the PMLA criminalises concealment, possession, acquisition, use and projecting of proceeds as untainted property and argues for stringent AML/CFT measures-enforceable KYC, reporting obligations for reporting entities, stronger investigative capacity and international cooperation-to close regulatory gaps and curb crypto enabled laundering. en-us Sat, 27 Aug 2022 10:16:43 +0530 Wed, 11 Feb 2026 15:59:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10646 The article explains that money laundering using virtual currencies leverages pseudonymous blockchain addresses and services like mixing, dark exchanges, OTC trades, gambling platforms, nested services and anonymizing mechanisms to convert and integrate Proceeds of Crime. It stresses that the PMLA criminalises concealment, possession, acquisition, use and projecting of proceeds as untainted property and argues for stringent AML/CFT measures-enforceable KYC, reporting obligations for reporting entities, stronger investigative capacity and international cooperation-to close regulatory gaps and curb crypto enabled laundering. Articles Other Topics Sat, 27 Aug 2022 10:16:43 +0530 https://www.taxtmi.com/article/detailed?id=10646