Revised Standard Operating Procedure (SOP) for management of Suspicious Transaction Reports and exchange of information with Financial Intelligence Unit-India

Revised Standard Operating Procedure (SOP) for management of Suspicious Transaction Reports and exchange of information with Financial Intelligence Unit-India https://www.taxtmi.com/circulars?id=68414 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. en-us Mon, 22 Sep 2014 00:00:00 +0530 Thu, 03 Apr 2025 15:52:00 +0530 TaxTMI RSS Generator Revised Standard Operating Procedure (SOP) for management of Suspicious Transaction Reports and exchange of information with Financial Intelligence Unit-India https://www.taxtmi.com/circulars?id=68414 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. Circulars Income Tax Mon, 22 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68414