India's digital-asset sector has matured from an unregulated frontier into a supervised industry. At the centre of that shift is the Financial Intelligence Unit – India (FIU-IND), the national agency responsible for receiving and analysing information on suspicious financial transactions.
In 2023, the Indian government brought Virtual Digital Asset (VDA) activities under the Prevention of Money Laundering Act. That change meant businesses dealing in digital assets became reporting entities — placing them under the same anti-money-laundering obligations as banks and other financial institutions.
Being a reporting entity carries a defined set of duties: verify identity through KYC, screen against sanctions lists, monitor transactions continuously, report suspicious activity, maintain records, and appoint a designated compliance officer.
ClearPayz built its compliance layer to operate in line with FIU-IND's reporting framework and FATF guidance, exposing it as part of the same platform that powers settlement, cards, and accounts.
Published by the ClearPayz team. For media inquiries, contact press@clearpayz.com.