India’s financial intelligence unit (FIU) has released a fresh set of ‘alert indicators’ aimed at enhancing the detection of suspicious transactions in capital markets, insurance firms, online payment gateways, and cryptocurrency service providers. These guidelines, issued under the provisions of the Prevention of Money Laundering Act (PMLA) during the 2022-23 financial year, are part of the country’s anti-money laundering (AML) and counter-terrorism financing (CFT) regime.The FIU mandates financial institutions and intermediaries to report suspicious transaction reports (STRs), which are then analyzed and shared with investigative and intelligence agencies for further action.
FIU Issues New Terror Financing Reporting Alerts for Capital Markets
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