India Targets 15 Crypto Platforms Over Anti-Money Laundering Compliance Failures
India’s Financial Intelligence Unit has issued non-compliance notices to 15 crypto platforms accused of violating national anti-money laundering requirements. The agency also requested the removal of their applications and websites from public access. According to the government announcement, these platforms operated without fulfilling obligations under the Prevention of Money Laundering Act. Authorities issued the notices under Section 13 of the PMLA during enforcement.