FINNET 2.0 registration required for SEBI-registered debenture trustees to report suspicious transactions and comply with PML rules. SEBI directs all registered debenture trustees to register or re register on FIU India's FINNET 2.0 platform; FIU India's guidance, including red flag indicators under the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, requires migration from FINNET 1.0 and immediate registration by entities not yet registered in view of the FATF mutual evaluation. SEBI issues the advisory under its regulatory powers to protect investors and to regulate the securities market, and publishes the circular on its website.
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Provisions expressly mentioned in the judgment/order text.
FINNET 2.0 registration required for SEBI-registered debenture trustees to report suspicious transactions and comply with PML rules.
SEBI directs all registered debenture trustees to register or re register on FIU India's FINNET 2.0 platform; FIU India's guidance, including red flag indicators under the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, requires migration from FINNET 1.0 and immediate registration by entities not yet registered in view of the FATF mutual evaluation. SEBI issues the advisory under its regulatory powers to protect investors and to regulate the securities market, and publishes the circular on its website.
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