Category: FIU IND

Who Needs to Register with FIU-IND? The Financial Intelligence Unit-India (FIU-IND) is the government agency responsible for monitoring and preventing money laundering and terrorist financing activities in India. Following the Ministry of Finance notification issued in March 2023, businesses dealing in Virtual Digital Assets (VDAs) such as cryptocurrencies are treated as “Reporting Entities” under the …

FIU-IND Guidelines on Qualification & Responsibilities of Principal Officers for Virtual Digital Asset Service Providers The Financial Intelligence Unit-India has outlined specific guidelines regarding the qualifications and responsibilities of the Principal Officer (PO) for Virtual Digital Asset Service Providers. These guidelines are designed to ensure compliance with the Prevention of Money Laundering Act 2002 and …