Master the comprehensive AML/CFT framework governing virtual digital assets in India. Analyze PMLA provisions, FATF Recommendation 15, FIU-IND requirements, ED investigation procedures, and develop expertise in defending PMLA prosecutions under Section 45 bail conditions.
Upon completion of this module, you will be able to:
Analyze Section 3 offense of money laundering, Section 5 attachment provisions, Section 8 adjudication, and the March 2023 amendment bringing VDA Service Providers under PMLA.
Apply FATF Recommendation 15 on Virtual Assets and VASPs, including the Travel Rule, risk-based approach, and India's mutual evaluation implications.
Master STR and CTR filing requirements, FIU-IND registration procedures for VDA Service Providers, and compliance monitoring obligations.
Design and implement robust KYC programs for crypto platforms incorporating CDD, EDD, beneficial ownership verification, and ongoing monitoring.
Navigate OFAC, UN Security Council, and Indian sanctions frameworks for cryptocurrency transactions including screening procedures and blocking requirements.
Develop strategies for defending PMLA cases including challenging attachment orders, Section 45 bail applications, and the Vijay Madanlal Choudhary framework.
Complete all 8 parts sequentially for comprehensive understanding
Comprehensive analysis of the Prevention of Money Laundering Act, 2002 as applicable to virtual digital assets and cryptocurrency transactions.
Master FATF Recommendation 15 and Interpretive Note on Virtual Assets and Virtual Asset Service Providers (VASPs).
Understand Suspicious Transaction Reports (STR) and Cash Transaction Reports (CTR) filing requirements for crypto businesses.
Design and implement comprehensive KYC programs meeting PMLA and international standards for cryptocurrency exchanges.
Analyze CFT risks in cryptocurrency, terrorist financing typologies, and compliance obligations under UAPA and international frameworks.
Navigate international and domestic sanctions frameworks applicable to cryptocurrency transactions and service providers.
Understand Enforcement Directorate investigation procedures in cryptocurrency cases including summons, search, seizure, and arrest powers.
Master defense strategies for PMLA prosecutions including Section 45 bail applications and Vijay Madanlal Choudhary principles.
Test your understanding of AML/CFT framework, PMLA provisions, FATF standards, FIU-IND compliance, and defense strategies for cryptocurrency-related prosecutions.