Flipkart’s FEMA Trouble Resurfaces — Is a Secret Settlement on the Table?
Flipkart is once again in the spotlight, and this time, it’s not for a mega sale. The e-commerce giant is reportedly facing heat from the Enforcement Directorate (ED) over alleged violations of India’s Foreign Exchange Management Act (FEMA).
But here’s the twist — sources suggest the ED may have quietly offered…
India is intensifying its efforts to regulate the online gaming sector by seeking oversight from the Financial Action Task Force (FATF). The move aims to incorporate online gaming companies into the Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) frameworks to mitigate the risks of financial crimes.
Government’s Objectives and Strategies
According to a report by The…
