https://www.taxtmi.com/news?id=32260 FIU IND, under powers in the PMLA, found a Virtual Digital Asset Service Provider expanded services without mandatory registration as a reporting entity and breached provisions of the PMLA, the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, and FIU IND AML/CFT guidelines. Following written and oral submissions, the Director identified violations of record keeping, customer due diligence and reporting obligations and imposed an administrative monetary penalty; the regulator also coordinated blocking of the provider's websites under the Information Technology Act to stop operations pending compliance. en-us Sat, 01 Feb 2025 09:50:58 +0530 Sat, 01 Feb 2025 09:50:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32260 FIU IND, under powers in the PMLA, found a Virtual Digital Asset Service Provider expanded services without mandatory registration as a reporting entity and breached provisions of the PMLA, the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, and FIU IND AML/CFT guidelines. Following written and oral submissions, the Director identified violations of record keeping, customer due diligence and reporting obligations and imposed an administrative monetary penalty; the regulator also coordinated blocking of the provider's websites under the Information Technology Act to stop operations pending compliance. News - Sat, 01 Feb 2025 09:50:58 +0530 https://www.taxtmi.com/news?id=32260