Best UPSC Academy in Hyderabad

Loading Events

COMBATING MONEY LAUNDERING IN INDIA’S ONLINE GAMING SECTOR

The Digital India Foundation (DIF) has released a significant report highlighting the threat of money laundering to the integrity and growth of the Indian online gaming sector. This report outlines the emerging risks, industry growth, and recommendations to tackle these challenges effectively.

Key Findings of the Report

International Online Betting Threats

Sectoral Growth

Vulnerabilities and Risks

What is Online Gaming?

Online gaming involves playing video games with others via the internet, allowing real-time competition across various devices like computers and smartphones.

Classification of Games

Current Scenario

Legality of Online Gaming and Gambling in India

About Money Laundering

Money laundering involves hiding the origins of illegally obtained money, transforming illicit funds into legitimate assets.

Common Methods

Prevention Steps in India

Challenges Facing the Gaming Sector

Risk Mitigation Steps

Mains Question:

  1. Discuss the implications of money laundering in the online gaming sector in India and suggest measures to enhance regulatory frameworks to mitigate these risks. (150 WORDS)
error: Content is protected !!