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Corporate Laws Central Ministry of Finance Prevention of Money-laundering Act, 2002

Financial Intelligence Unit, India directed o report information related to cash and suspected transactions as per Guidelines for Reporting Entities (Real Estate Agent)

06-Apr-2023 | Notice

The Financial Intelligence Unit, India under Ministry of Finance has directed to report information related to cash and suspected transactions to the Director Financial Intelligence Unit, India (FIU-IND), as per the Prevention of Money Laundering Act , 2002 and Guidelines on Anti Money Laundering (AML) Standards and combating the Financing of Terrorism CFT obligation for Real Estate agents 2022, called as Guidelines for Reporting Entities (Real Estate Agent). The Ministry of Finance introduced FIU-IND in 2004 collects financial intelligence about offences under the Prevention of Money Laundering Act, 2002. Further, the FINnet 2.0 is the user manual for FINGate Portal. The User Manual to provide guidance on using the FINGate Request response module and act as a user has been attached.

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