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    Presentation On FIU Reports

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    Venkatesh Santhanagopalan
    The document discusses three types of reports that banks must submit: cash transaction reports (CTRs) for cash transactions over 10 lakhs rupees, suspicious transaction reports (STRs) for suspicious transactions regardless of cash amount, and counterfeit currency reports (CCRs) for transactions involving forged currency. It provides details on what transactions to report for each, the required report formats as text files, and that a physical summary must accompany the text file submissions.

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    Presentation On FIU Reports

    Uploaded by

    Venkatesh Santhanagopalan
    50 views8 pages
    The document discusses three types of reports that banks must submit: cash transaction reports (CTRs) for cash transactions over 10 lakhs rupees, suspicious transaction reports (STRs) for suspicious transactions regardless of cash amount, and counterfeit currency reports (CCRs) for transactions involving forged currency. It provides details on what transactions to report for each, the required report formats as text files, and that a physical summary must accompany the text file submissions.

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    Presentation on FIU Reports

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    The document discusses three types of reports that banks must submit: cash transaction reports (CTRs) for cash transactions over 10 lakhs rupees, suspicious transaction reports (STRs) for suspicious transactions regardless of cash amount, and counterfeit currency reports (CCRs) for transactions involving forged currency. It provides details on what transactions to report for each, the required report formats as text files, and that a physical summary must accompany the text file submissions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    50 views8 pages

    Presentation On FIU Reports

    Uploaded by

    Venkatesh Santhanagopalan
    The document discusses three types of reports that banks must submit: cash transaction reports (CTRs) for cash transactions over 10 lakhs rupees, suspicious transaction reports (STRs) for suspicious transactions regardless of cash amount, and counterfeit currency reports (CCRs) for transactions involving forged currency. It provides details on what transactions to report for each, the required report formats as text files, and that a physical summary must accompany the text file submissions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
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    Presentation on FIU Reports

    CTR, STR and CCR for Banks

    Types of Reports
    Cash Transaction Report - CTR Suspicious Transaction Report - STR Counterfeit Currency Report - CCR

    Cash Transaction Report


    Under PMLA 2002, Banks should report
    All cash transactions of value more than Rs. 10 Lakhs or its equivalent in foreign currency All series of cash transactions integrally connected to each other which have been valued below Rs. 10 Lakhs or its equivalent in foreign currency where such series of transactions have taken place within a month Principal officer can still furnish details of such transaction or series of transactions if he has a reason to believe

    Format and submission of CTR


    CTR should be sent to FIU in .TXT format. Totally 6 TXT files to be sent There is a fixed format of the TXT files that is only accepted by FIU Summary of CTRs in physical form should be accompanied along with these files

    Suspicious Transaction Report


    Under PMLA 2002, every banking company shall furnish details of suspicious transactions whether or not made in cash.
    Suspicious transaction means a transaction whether or not made in cash which, to a person acting in good faith (a) gives rise to a reasonable ground of suspicion that it may involve the proceeds of crime; or (b) appears to be made in circumstances of unusual or unjustified complexity; or (c) appears to have no economic rationale or bonafide purpose

    Format and submission of STR


    FIU India insists all Banks to send the STR in .TXT format. Totally 6 TXT files to be sent There is a fixed format of the TXT files that is only accepted by the FIU Generate STR from system to attach this physical copy along with the TXT files to send to FIU

    Counterfeit Transaction Report


    Under the PMLA 2002, every reporting entity is required to furnish details of all cash transactions where forged or counterfeit currency notes of bank notes have been used as genuine. These transactions should be reported to Director, Financial Intelligence Unit, India not later than seven working days from the date of occurrence of such transactions.

    Format and submission of CCR


    CCR should be sent to FIU in .TXT format. Totally 3 TXT files to be sent There is a fixed format of the TXT files that is only accepted by the FIU Summary of CCRs in physical form should be accompanied along with these files

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