WazirX, which is registered with FIU-India, which falls underneath the Finance Ministry, has despatched the physique an incident report. Nevertheless, the FIU is remitted with monitoring transactions underneath the nation’s Prevention of Cash Laundering Act (PMLA). Given the WazirX incident is a safety breach, the incident doesn’t fall underneath the FIU’s ambit. The FIU declined an in-person request to remark.
