https://www.taxtmi.com/news?id=39653 A supplementary chargesheet under the Prevention of Money Laundering Act alleges a cross border cyber fraud and money laundering operation using a UAE based payment platform. The complaint accuses an organised syndicate of recruiting domestic "mule" bank accounts, defrauding victims through investment, betting and job scams, converting proceeds into cryptocurrency and transferring funds to private crypto wallets, and notes arrests, seizures of devices and accounts, and ongoing efforts to identify absconding suspects and recover proceeds. en-us Thu, 03 Apr 2025 18:46:04 +0530 Thu, 03 Apr 2025 18:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39653 A supplementary chargesheet under the Prevention of Money Laundering Act alleges a cross border cyber fraud and money laundering operation using a UAE based payment platform. The complaint accuses an organised syndicate of recruiting domestic "mule" bank accounts, defrauding victims through investment, betting and job scams, converting proceeds into cryptocurrency and transferring funds to private crypto wallets, and notes arrests, seizures of devices and accounts, and ongoing efforts to identify absconding suspects and recover proceeds. News - Thu, 03 Apr 2025 18:46:04 +0530 https://www.taxtmi.com/news?id=39653