Privacy-preserving payment systems are well understood, yet their adoption in regulated settings, such as central bank digital currencies (CBDCs), institutional stablecoins, and other compliant payment infrastructures, has been limited by concerns over their potential misuse for illicit activities. Regulators counter financial crime with a toolbox of complementary measures to identify, trace, and…
Kishan Raj, Amity Law School, Amity University Patna ABSTRACT Money laundering is the process of incorporating the proceeds of crime into the legitimate financial system and this creates a basic problem for the integrity of the economic institutions and the effectiveness of the criminal law enforcement. The main law in India to combat this phenomenon is the Prevention of Money Laundering Act, 200…
