Financial Intelligence Unit (FIU)
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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.
Which ministry does FIU-IND function under?
FIU-IND functions under the Department of Revenue, Ministry of Finance, Government of India.
Which year was FIU-IND formally established as a national financial intelligence agency?
FIU-IND was established in November 2004.
Who is the head of FIU-IND?
The head of FIU-IND is the Director, who is an officer of the rank of Additional Secretary to the Government of India.
What is the goAML portal used for by reporting entities?
goAML is used to electronically file AML reports with FIU-IND.
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