Radhe Radhe

Compassion in action restores the world’s dignity. —Aji Krishnan Founder Secretary, HRDS INDIA

Founder Secretary’s Thought of the Day – HRDS INDIA 🌿

“A humane approach ensures lasting solutions.”

Solutions are most effective when they are rooted in compassion and respect for people. A humane approach not only addresses challenges but also builds trust and creates long-term impact.

At HRDS INDIA, we believe that humanity-driven actions lead to sustainable and meaningful change.

Founder Secretary’s Thought of the Day | HRDS INDIA🌿

“Work done with sincerity carries its own dignity.”

Dignity does not come from the nature of work, but from the sincerity with which it is performed.

When effort is honest, dedicated, and guided by values, it brings respect not only to the outcome but also to the individual and the institution. Sincere work builds trust, strengthens character, and creates meaningful impact in society.

At HRDS INDIA, every initiative for tribal and marginalized communities is carried out with commitment and sincerity — because we believe that true service lies in doing every task with integrity and purpose.
Because when work is sincere, dignity naturally follows.

The Financial Action Task Force (FATF) has released a report titled Understanding and Mitigating the Risks of Offshore Virtual Asset Service Providers, which examines challenges associated with the oversight of offshore crypto-asset platforms. The report discusses how certain operational models of offshore Virtual Asset Service Providers (oVASPs) may create regulatory and supervisory gaps, and it outlines a range of good practices for identifying, licensing or registering, supervising, and addressing non-compliant entities.

The report also includes several case studies from India highlighting the role of the Financial Intelligence Unit (FIU-IND) in strengthening compliance within the virtual digital asset ecosystem. These examples include the use of Suspicious Transaction Reports (STRs) from onshore VASPs, strengthened governance requirements for Principal Officers, the development of indigenous detection capabilities such as a Virtual Asset Lab, and collaboration with digital platforms through mechanisms like the Sahyog portal to enable quicker action against unlawful websites.

The report can be accessed here:https://www.fatf-gafi.org/content/dam/fatf-gafi/reports/Understanding-Mitigating-Risks-Offshore-VASPs.pdf.coredownload.inline.pdf

Financial Integrity Digital Assets