money laundering

Enforcement Directorate (ED) is investigating a number of Indian payment gateways, including Paytm, under the Prevention of Money Laundering Act, reports ET. These payment gateways are allegedly allowing Indian customers to transfer money to Chinese betting apps.  According to investigations,...

Paypal, the U.S. online payments giant has been slapped with a humongous penalty in India. What went wrong? Let’s find out. The Indian Government’s Financial Intelligence Unit aka FIU slapped an Rs. 96 lakh penalty on PayPal on the grounds...