https://www.taxtmi.com/article/detailed?id=17588 PMLA coverage extends to virtual digital asset exchanges, transfers, custody or administration, and related financial services, with virtual digital asset entities treated as reporting entities. Enhanced record-maintenance and due-diligence obligations require beneficial ownership identification, client-structure information, trustee and senior-management details, and registered-office information. Trusts and companies are subject to a ten per cent controlling-interest threshold for beneficial interest, while non-profit organisation clients require registration on the NITI Aayog DARPAN portal. Politically exposed persons are defined by reference to prominent foreign public functions. en-us Fri, 16 Oct 2026 05:21:22 +0530 Fri, 16 Oct 2026 05:21:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17588 PMLA coverage extends to virtual digital asset exchanges, transfers, custody or administration, and related financial services, with virtual digital asset entities treated as reporting entities. Enhanced record-maintenance and due-diligence obligations require beneficial ownership identification, client-structure information, trustee and senior-management details, and registered-office information. Trusts and companies are subject to a ten per cent controlling-interest threshold for beneficial interest, while non-profit organisation clients require registration on the NITI Aayog DARPAN portal. Politically exposed persons are defined by reference to prominent foreign public functions. Articles Income Tax Fri, 16 Oct 2026 05:21:22 +0530 https://www.taxtmi.com/article/detailed?id=17588