Overview
- DRI details how VPN-accessed crypto wallets enable off-book payments that support under-invoicing, misdeclaration and evasion of duties and taxes.
- A July 2024 investigation traced a 108‑kg gold syndicate that remitted ₹108 crore to China via hawala and USDT after sales in Delhi.
- The agency says it has begun deploying specialised blockchain analytics to trace on‑chain movements linked to smuggling operations.
- Recommendations include stricter AML and KYC for exchanges, expanded forensic capabilities and international cooperation to blunt cross‑border laundering.
- Indian Customs reports FY 2024–25 enforcement of 3,005 cases with 2,600 kg of gold seized and 533 arrests.