photo
fine gateway
 
 
banner
Overview of Reporting under PMLA
The Prevention of Money-laundering Act, 2002, and the rules thereunder require every Reporting Entity*, to furnish to FIU-IND information relating to-
(A) All cash transactions of the value of more than rupees ten lakhs or its equivalent in foreign currency;
(B) All series of cash transactions integrally connected to each other which have been valued below rupees ten lakhs or its equivalent in foreign currency where such series of transactions have taken place within a month;
(BA) All  transactions involving receipts by non-profit organisations of  value  more than  rupees ten lakh, or its equivalent in foreign currency;*
(C) All cash transactions where forged or counterfeit currency notes or bank notes have been used as genuine or where any forgery of a valuable security or a document has taken place facilitating the transactions;*
(D) All suspicious transactions whether or not made in cash.
(E) All cross border wire transfers of the value of more than five lakh rupees or its equivalent in foreign currency where either the origin or destination of fund is in India.
(F) All purchase and sale by any person of immovable property valued at fifty lakh rupees or more that is registered by the reporting entity, as the case may be.

Reporting Entity means a banking company financial institution, intermediary or a person carrying on a designated business or profession.

 
whats new

 
NDPS Act, 1985

UAPA, 1967

The Prevention of Money Laundering (Amendment) Act, 2012 (Scanned Format)

The Prevention of Money Laundering (Amendment) Act, 2009 (Scanned Format)

The Prevention of Money Laundering (Amendment) Act, 2005 (Scanned Format)

The Prevention of Money Laundering Act, 2002 (Scanned Format)

WARNING

FIU-India does not seek any information from individuals. If any person receives any such letter/query, it is a fraud and it should be immediately reported to the Police and also brought to the notice of FIU-IND...more
 
 
TOP