On 7th March 2023, the Finance ministry has issued a Gazette notification as follows.
Read along with PMLA, this means that any person who is directly or indirectly associated with entities like the above will be exposed to penalties under section 3 of PMLA.
About Vijayashankar Na
Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance