Financial Intelligence Unit India
                     


AN OVERVIEW OF FIU - IND
Financial Intelligence Unit – India (FIU-IND) was 
set by the Government of India vide O.M. dated 
18th November 2004 as the central national 
agency responsible for receiving, processing, 
analyzing and disseminating information 
relating to suspect financial transactions. FIU-
IND is also responsible for coordinating and 
strengthening efforts of national and 
international intelligence, investigation and 
enforcement agencies in pursuing the global 
efforts against money laundering and financing 
of terrorism. FIU-IND is an independent body 
reporting directly to the Economic Intelligence 
Council (EIC) headed by the Finance Minister.

ORGANIZATIONAL STRUCTURE

Constitution of FIU
The FIU – IND is a multidisciplinary 
body with a sanctioned strength of 
74 members from various 
government departments. The 
members are inducted from 
organizations including Central Board 
of Direct Taxes (CBDT), Central Board 
of Excise and Customs (CBEC), 
Reserve Bank of India (RBI), 
Securities Exchange Board of India 
(SEBI), Department of Legal Affairs 
and Intelligence agencies.
 ObjectiveS OF FIU - IND
The (Prevention of Money - Laundering Act, 
2002) PML Act seeks to combat money 
laundering in India and has three main 
objectives:
• To prevent and control money laundering
• To confiscate and seize the property obtained 
from the laundered money; and
• To deal with any other issue connected with 
money laundering in India.
• The Act also proposes punishment under sec.4.

FUNCTIONS OF FIU - IND
The main function of FIU-IND is to receive cash/suspicious transaction reports, analyse them and, as 
appropriate, disseminate valuable financial information to intelligence/enforcement agencies and 
regulatory authorities . The functions of FIU-IND are:
1.  Collection of Information: Act as the central reception point for receiving Cash Transaction reports 
(CTRs),Non-Profit Organisation Transaction Report(NTRs), Cross Border Wire Transfer Reports 
(CBWTRs), Reports on Purchase or Sale of Immovable Property (IPRs) and Suspicious Transaction 
Reports (STRs) from various reporting entities.
2. Analysis of Information: Analyze received information in order to uncover patterns of transactions 
suggesting suspicion of money laundering and related crimes.
3. Sharing of Information:Share information with national intelligence/law enforcement agencies, 
national regulatory authorities and foreign Financial Intelligence Units.
4. Act as Central Repository:Establish and maintain national data base on the basis of reports 
received from reporting entities.
5. Coordination:Coordinate and strengthen collection and sharing of financial intelligence through an 
effective national, regional and global network to combat money laundering and related crimes.
6. Research and Analysis:Monitor and identify strategic key areas on money laundering trends, 
typologies and developments.
REGISTRATION OF FIU - IND
Section 12 of PMLA, 2002 and rules thereunder require 
every reporting entity to verify and maintain the records of 
the identity of all its clients including beneficial owners.
For verification and maintenance of records of the identity of 
clients are prescribed under Rules 9 and 10 of PMLA Rules.
Who are Reporting Entity?
FIU-IND has identified following entity to be 
registered under FIU-IND and provide reporting of 
transaction to following entity.
1. Banking Company
2. Financial Institution
3. Intermediary
4. Chit Fund Company
5. Co-operative Bank
6. Housing Finance Institution
7. Non-Banking Financial Company
Verification of identity
On transaction of an amount equal to or exceeding 
Rs. 50,000/- whether conducted as a single 
transaction or several transactions that appear to 
be connected or any international money transfer 
operations

Documents for Identity of Client
    Individual
One certified copy of an officially valid document containing details of identity and 
address, One recent photograph and Such other documents including in respect of nature 
of business and financial status of the client as may be required by the reporting entity
    Company
Certificate of Incorporation (COI)/MOA & AOA of Company
Resolution from BOD and POA granted to its managers, officers or employees to transact 
on its behalf and Officially valid document in respect of managers, officers or employees 
holding an attorney to transact on its behalf.
    Partnership Firm
• Registration Certificate
• Partnership Deed
• An officially valid document in respect of the person holding an attorney to transact on 
its behalf
    
Documents for Identity of Client CONTD
Trust
Registration Certificate
Trust Deed
An officially valid document in respect of the person holding an attorney to transact on its behalf
UIB/BOI
Resolution of Managing body of such association or body of individuals
POA granted to him to transact on its behalf
An officially valid document in respect of the person holding an attorney to transact on its behalf
Such information as may be required by reporting entity to collectively establish the legal 
existence of such association or Body of Individual (BOI)
Suspicious Transaction means a transaction whether or not made in cash which, to a person 
acting in good faith-
•     Give rise to a reasonable ground of suspicion that it may involve the proceeds of crime; or
•     Appears to be made in circumstances of unusual or unjustified complexity; or
•     Appears to have no economic rationale or bonafide purpose
(As per Definition is given u/s 2(g) of PMLA Rules, 2005)
Maintenance of Records of Transaction
Transaction to be a record of are:-
1.   All cash transaction of the value more than Rs. 10 lakhs 
or its equivalent in foreign currency
2. All series of cash transaction integrally connected to each 
other which have been valued below Rs. 10 lakhs or its 
equivalent in foreign currency where such series of 
transaction have taken place within months
3. All transaction involving receipts by a non-profit 
organization of value more than Rs. 10 lakhs or its 
equivalent in foreign currency
4. All cash transaction where forged or counterfeit currency 
notes or bank notes have been used as genuine or where 
any forgery of valuable security or a document has taken 
place facilitating the transaction
5. Suspicious transaction whether in cash or not
6. All cross-border wire transfer of the value of more than Rs. 
5 lakhs or its equivalent in foreign currency where either 
the origin or destination of fund is in India
Records should contain 
following information
1. Nature of transaction
2. Amount of transaction and currency in which 
it was denominated
3. Date on which transaction was conducted and
4. Parties to the transaction
5. Over and above of regular maintenance of 
records of transaction.
Such records to be maintained for a period of 10 
years from the date of cessation of transaction 
as per Rule 6 of PMLA, 2005.
Reports to be submitted
There are 5 types of reporting format i.e. Cash Transaction Report (CTR), Suspicious Transaction 
Report (STR), Counterfeit Currency Report (CCR), Cross-Border Wire Transfer Report (CBWTR) and 
Report on sale/purchase of immovable property (IPR). Method of filing is electronic over secure 
gateway.:
S. Report Description Due Date
no
1 CTR Rs. 10 lakh or more 15th day of succeeding month
2 CCR Forged or Counterfeit currency 15th day of succeeding month
3 NTR All transaction involving receipts by 15th day of succeeding month
NPO of value more than Rs. 10 lakhs 
or more
4 CBWTR Cross-Border Transfer Rs. 5 lakhs or 15th day of succeeding month
more
5 IPR Sale purchase of Immovable property 15th day of the month succeeding the quarter
value exceeding Rs. 50 lakh or more
6 STR All suspicious transaction whether or Not later than 7 working days on being satisfied that 
not made in cash the transaction is suspicious
Registration of Reporting Entity
It is most to know the registration is of two-person i.e. first entity itself and second is 
registration of principal officer. To register both the following things are required to do:-
Go to http://finnet.gov.in/ and Click on new user on the login page.
Click on register new reporting entity. Fill the basic details of reporting entity such as 
reporting entity name, category and details of user and submit the form.
After that, the message displayed saying the details of reporting entity have been 
submitted to FIU-IND which provides a reporting entity registration request number. Click on 
registration request number to take print out and send a copy or hard copy to FIU. Scan 
copy should be emailed to [email protected]. Paper/hard copy may be posted to 
Director, FIU-India, 6th Floor, Hotel Samrat, New Delhi-110021. Envelope containing 
registration request should be superscripted as “New Registration Request.
On approval, The FIUREID (unique identity number of an organization registered with FIU-
IND) will be communicated to the email ID provided.
The process to register the Principal Officer is as like registration of Reporting Entity but it 
will be enabled only after Entity registration on the FIU-IND portal.
Both registration process is just to fill up the basic credentials of Reporting Entity and 
Principal Officer, no need to upload any documents.

Checklist for Registration
For Entity:
•  Registration Number granted by 
Regulator
•     Name of User, Contact Number (11 
digits) & Email Id
For Principal Officer:
•     Aadhar Card of Principal Officer
•     Telephone Number of Officer is 
mandatory
•     Mobile No. & Email Id (Preferably 
organization email-id)
THANK YOU