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Financial Intelligence Unit (FIU)
What is the full form of FIU-IND?
FIU-IND stands for Financial Intelligence Unit – India, the central national agency responsible for receiving, processing, analysing and disseminating information relating to suspect financial transactions.
What is the annual reporting deadline for filing reports with FIU-IND?
Reports must be filed within the prescribed timelines monthly or as specified.
Under which Act was FIU-IND established?
FIU-IND was established by the Government of India under the Prevention of Money Laundering Act (PMLA), 2002, through a gazette notification dated 18 November 2004.
What is a Cash Transaction Report and who files it?
CTR is filed by banks for cash transactions exceeding Rs 10 lakh.
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