Who has the responsibility to furnish information to Director, FIU-IND


Every reporting is required to communicate to the Director the name, designation and address of the Designated Director and the Principal Officer. The Principal Officer shall furnish the information referred to in Rule 3 of Prevention of Money-Laundering (Maintenance of Records) Rules 2005, to the Director, FIU-IND on the basis of information available with the reporting entity. A copy of such information shall be retained by the Principal Officer for the purposes of official record.

The Principal Officer of a reporting entity shall furnish the information promptly to the Director in respect of all suspicious transactions not later than seven working days on being satisfied that the transaction is suspicious.

It shall be the duty of every reporting entity, its designated director, officers and employees to observe the procedure and the manner of furnishing information as specified by the Director in consultation with its Regulator.