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Centre Finalising Move To Bring Online Gaming Apps Under PMLA: Report

  • The Centre is finalising a move to bring online real money gaming platforms under the purview of anti-money laundering laws.
  • The move would enforce stricter requirements on these apps, including know-your-customer process and reporting suspicious transactions.
  • The online gaming firms may be classified as reporting entities under the Prevention of Money Laundering Act.
  • The government aims to curtail unaccounted money circulating within these apps.

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