RBI/2013-14/572 RPCD.RRB.RCB.AML.BC.No.97/07.51.018/2013-14
REPORTING OF CROSS BORDER WIRE TRANSFER REPORT ON FINnet GATEWAY
Please refer to our circular RPCD.CO.RRB.RCB.AML.BC.No.36/03.05.33(E)/2012-13 dated October
15, 2012 on ‘Uploading of
Reports on FINnet Gateway’ wherein Regional Rural Banks (RRBs) and State/Central
Cooperative Banks (StCBs/CCBs) and financial institutions were advised to
upload reports as required by FIU-IND using only FINnet gateway.
2. With the amendments to Prevention of Money Laundering (PML)
Rules, notified by the Government of India vide Notification No. 12 of 2013
dated August 27, 2013 and in terms of amended Rule 3, every reporting entity is
required to maintain the record of all transactions including the record of all
cross border wire transfers of more than Rs. 5 lakh or its equivalent in
foreign currency, where either the origin or destination of the fund is in
India. FIU-IND has advised that the information of all such transactions may be
furnished to Director, FIU-IND by 15th of the succeeding month.
3. In this regard, it is advised that the ‘Transaction Based
Reporting Format’ (TRF) already developed by FIU-IND and being used for
reporting Cash Transaction Reports (CTRs), Suspicious Transaction Reports
(STRs) and Non-Profit Organizations Transaction Reports (NTRs) may be used for
reporting the Cross Border Wire Transfers. The information may be furnished
electronically in the FINnet module developed by FIU-IND. All RRBs and
StCBs/CCBs are accordingly advised to take action as required by FIU-IND and
ensure that reports are submitted in time as per the schedule.
4. The format along with sample data filled in as an illustration
is available in the ‘Downloads’ section of the FIU-IND website (http://fiuindia.gov.in).
5. The Compliance Officer / Principal Officer may acknowledge
receipt of this circular to our Regional Office concerned.
Yours faithfully,
(A. Udgata)
Principal Chief General Manager