Revised Standard Operating Procedure (SOP) for management of Suspicious Transaction Reports and exchange of information with Financial Intelligence Unit-India
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Suspicious Transaction Report management: mandatory FINNET processing, designated nodal roles, confidentiality and time bound investigation protocols. Revised SOP mandates online FINNET processing of STRs from FIU IND with designated nodal officers and user registration, prescribes acceptance/decline procedures, maintenance of STR PDFs and an Excel register, and duties for DGsIT/DGIT and DsIT/Addl./Joint DsIT to disseminate, investigate and archive STRs. Investigations must prioritise internal database verification, limit scope of enquiries, tag STRs to prior intelligence, follow timelines (90 days for P1/Category A, 180 days otherwise), and produce mandatory formatted feedback for P1/Category A cases. Exchange of information with FIU IND and foreign FIUs follows nodal routing, approval prerequisites, confidentiality rules and specified archival and reporting obligations.
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Provisions expressly mentioned in the judgment/order text.
Suspicious Transaction Report management: mandatory FINNET processing, designated nodal roles, confidentiality and time bound investigation protocols.
Revised SOP mandates online FINNET processing of STRs from FIU IND with designated nodal officers and user registration, prescribes acceptance/decline procedures, maintenance of STR PDFs and an Excel register, and duties for DGsIT/DGIT and DsIT/Addl./Joint DsIT to disseminate, investigate and archive STRs. Investigations must prioritise internal database verification, limit scope of enquiries, tag STRs to prior intelligence, follow timelines (90 days for P1/Category A, 180 days otherwise), and produce mandatory formatted feedback for P1/Category A cases. Exchange of information with FIU IND and foreign FIUs follows nodal routing, approval prerequisites, confidentiality rules and specified archival and reporting obligations.
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