"The proposal to bring all international payment gateways like Visa and Master Card and wire transfer agencies in the category of institutions obliged to report cash transactions and suspicious transactions is under consideration of the government," the Minister said.
"If and when such agencies are brought under the Prevention of Money Laundering Act 2002, they will be required to furnish reports in accordance with the provisions of the Act," he said.
The minister also informed the house that during the last fiscal, the Financial Intelligence Unit received 21 lakh cash transactions reports and 817 suspicious transactions reports from the reporting entities.