FIU-IND Tightens AML, Cybersecurity Norms for Virtual Digital Asset Firms

• FIU-IND updates guidelines for VDA entities, focusing on AML, cybersecurity, and governance.
• Mandatory cybersecurity audits by CERT-In accredited auditors are now required for VDA companies.
• Firms must enhance KYC processes and transaction monitoring, aligning with the Travel Rule for traceability.
• Registration with FIU-IND is now mandatory for all VDA operations in India.
• VDA firms must appoint a Designated Director for AML/CFT compliance and ensure board-level oversight.

Why It Matters: FIU-IND strengthens VDA regulations in India, mandating cybersecurity, AML, and governance for financial stability.