In India, banks have implemented various monitoring systems to track financial transactions and identify potential risks associated with gambling activities. While Indian banks primarily focus on compliance with local regulations such as the Prevention of Money Laundering Act （PMLA）, they do monitor transaction patterns that may indicate gambling behavior.
Many Indian banks use advanced analytics and artificial intelligence to detect unusual transaction patterns. For instance, frequent transfers to known gambling websites or transactions with online gaming platforms that involve real money betting may trigger alerts in the banking system. However, it\“s important to note that not all gaming transactions are considered gambling - legitimate entertainment gaming platforms are treated differently.
The Reserve Bank of India （RBI） has issued guidelines to financial institutions regarding suspicious transaction reporting. Indian banks are required to maintain records of all transactions exceeding certain thresholds and report any suspicious activities to the Financial Intelligence Unit （FIU-IND）. This includes transactions that appear to be related to illegal gambling operations.
For regular customers using popular Indian payment methods like UPI, Net Banking, or credit cards, banks typically don\“t actively monitor individual gambling activities unless they violate terms of service or local laws. However, repeated transactions with international gambling sites might be flagged due to foreign exchange regulations and compliance requirements. |
