Overview
- As of March 2025, 45 India‑based and four offshore platforms were registered with the FIU as reporting entities.
- FIU analysis of suspicious transaction reports linked crypto flows to scams, fraud, gambling and hawala, with some alerts tied to CSAM, terror financing and darknet services.
- The agency reported imposing ₹28 crore in penalties in FY 2024–25 against exchanges that failed to meet anti‑money‑laundering obligations.
- Registered platforms must disclose bank and financial accounts, appoint designated compliance officers, run internal audits, apply risk‑based CDD/EDD with sanctions screening and monitor wallet transfers and token fundraising.
- Geographic analysis highlighted regional concentrations of suspicious activity and identified digital assets frequently used in illicit transactions, strengthening intelligence on risk hotspots.