The Financial Intelligence Unit-India (FIU-IND) is a statutory body set up by the Government of India in 2004. It functions as the central national agency responsible for receiving, analyzing, and disseminating information about suspect financial transactions. FIU-IND is crucial in the fight against money laundering and terrorist financing. It operates under the directives of the Prevention of Money Laundering Act (PMLA) of 2002 and aligns with international standards set by bodies like the Financial Action Task Force (FATF). Recently, FIU-IND has been actively issuing compliance notices to offshore Virtual Digital Assets Service Providers for not adhering to the regulations of the PML Act.