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RBI/2013-14/555
UBD.BPD (PCB) Cir.No. 54/14.01.062/2013-14
April 7, 2014
The Chief Executive Officer
All Primary (Urban) Co-operative Banks.
Madam / Dear Sir,
Reporting of Cross Border Wire Transfer Report on FINnet
Gateway - Primary (Urban) Co-operative Banks (UCBs)
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 a 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 the place of either 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 FIN-Net module developed by FIU-IND. All
UCBs 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).
Yours faithfully,
(P.K. Arora)
General Manager
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