FIU-IND Circulars

Why this page is structured this way: All in-window entries are listed descending by date so the most recent regulatory state is the first thing a reader sees. Use Cmd-F / Ctrl-F for ID-based lookup. Cross-references from the rest of the site point at anchors on this page.

TL;DR

• 20 circulars indexed in this issuer’s section.
• 6 issued in 2025 or later.
• 7 entries flagged [unknown — verify] in at least one field.
• All entries trace to a primary issuer URL (or Wayback fallback) where research could verify the source.
• AI-generated; read the linked PDF before acting on any provision.

Conceptual overview

This page is the complete listing of FIU-IND circulars in the project’s 2020–2026 sweep window. Each entry contains the verbatim circular ID, issue date, in-force date, status (in-force / superseded / withdrawn), applicable entity types, impact-area tags, a 2–4 sentence summary traceable to clauses, and the primary URL. Where the primary URL could not be re-fetched, an archive URL is provided in its place.

Entries (descending date)

FIU-IND-SEBI-MOU-2026

• date_issued: 2026-04-16
• issuer: FIU-IND
• title: “Memorandum of Understanding between Financial Intelligence Unit-India (FIU-IND) and Securities and Exchange Board of India (SEBI) for cooperation in combating money laundering and financial crimes”
• applies_to: broker, depository, exchange, clearing-corp, all-intermediaries
• in_force_date: 2026-04-16
• status: in-force
• impact_areas: aml, surveillance, reporting, other
• primary_url: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2252517&reg=3&lang=1

Bilateral MoU signed 16 April 2026 between FIU-IND Director Shri Amit Mohan Govil and SEBI Whole-Time Member Shri Sandip Pradhan, formalising structured intelligence exchange between FIU-IND and SEBI. Scope: sharing of databases, joint identification and dissemination of red-flag indicators / suspicious-transaction patterns for the securities sector, supervision/monitoring of SEBI-regulated reporting entities’ PMLA compliance, ML/TF risk assessment across capital-market sub-sectors, joint outreach/training, and information exchange under Egmont principles. Quarterly review meetings agreed. Will translate into refreshed red-flag-indicator guidance and inspection focus for stock brokers and depository participants.

FIU-IND-VDA-08012026

• date_issued: 2026-01-08
• issuer: FIU-IND
• title: “AML & CFT Guidelines for Reporting Entities Providing Services Related to Virtual Digital Assets” (consolidated 2026 edition)
• applies_to: all-intermediaries
• in_force_date: 2026-01-08
• status: in-force
• impact_areas: aml, onboarding, re-KYC, kyc-modification, reporting, cyber-security, other
• primary_url: https://fiuindia.gov.in/pdfs/downloads/VDA08012026.pdf
• archive_url: [unknown - verify]

Consolidated edition of FIU-IND’s VDA AML/CFT Guidelines issued 8 January 2026. Supersedes the 10 March 2023 guidelines and consolidates operational requirements previously dispersed across the 15 September 2025 VDASP registration circular and the 25 February 2025 Principal Officer guidance. Reinforces FIU-IND’s pivot from compliance-based to operational-verification supervision: registration diligence, governance accountability (DD/PO), tightened CDD, structured client risk classification, and technology-driven monitoring including the FATF “travel rule.” Indirect read-across to stock brokers planning crypto-linked products or arm’s-length VDA partnerships.

FIU-IND-VDASP-15092025

• date_issued: 2025-09-15
• issuer: FIU-IND
• title: “3rd Revision of Circular for Registration of Virtual Digital Asset Service Providers (VDA SPs) in FIU India as Reporting Entity (RE)” (F.No. 9-8/2023/COMPL/FIU-IND-Pt-II)
• applies_to: all-intermediaries
• in_force_date: 2025-09-15
• status: in-force
• impact_areas: aml, onboarding, reporting, system-audit, cyber-security
• primary_url: https://fiuindia.gov.in/pdfs/downloads/VDASP15092025.pdf
• archive_url: [unknown - verify]

Third revision of the VDA-SP registration circular (F.No. 9-8/2023/COMPL/FIU-IND-Pt-II dated 15 September 2025). Adds mandatory in-person meetings of Designated Director and Principal Officer with FIU-IND, live demonstrations of AML/CFT systems (KYC, transaction monitoring, blockchain analytics), and mandatory cyber-security audit certificates from CERT-In empanelled auditors. Replaces 1st (17 October 2023) and 2nd (20 January 2025) versions. Precedent value for stock brokers: signals FIU-IND’s intention to require live system demonstrations and CERT-In-aligned cyber audits as part of any future RE-registration deep-dives.

FIU-IND-PO-GUIDANCE-25022025

• date_issued: 2025-02-25
• issuer: FIU-IND
• title: “Guidance for Principal Officer (PO) - Minimum Requirements and Qualifications”
• applies_to: broker, depository, exchange, clearing-corp, all-intermediaries
• in_force_date: 2025-02-25
• status: in-force
• impact_areas: aml, reporting, other
• primary_url: [unknown - verify; expected: https://fiuindia.gov.in/pdfs/downloads/POGuidance25022025.pdf]
• archive_url: [unknown - verify]

FIU-IND guidance dated 25 February 2025 prescribing minimum qualifications and responsibilities for the Principal Officer (PO) under PMLA Chapter IV. Although primarily issued in the VDA-SP context, the criteria (management-level seniority; minimum 3 years AML/legal/compliance experience; exclusive employment with a single reporting entity; sufficient independence to act without bureaucratic hindrance) form the operational baseline FIU-IND now applies during registration reviews of all categories of reporting entities, including SEBI-registered stock brokers and depository participants.

FIU-IND-UAPA-UNSC-UPDATE-21022025

• date_issued: 2025-02-21
• issuer: FIU-IND
• title: “Implementation of Section 51A of UAPA, 1967: UNSC Press Release SC/16003 - sanctions list updates”
• applies_to: broker, depository, exchange, clearing-corp, all-intermediaries
• in_force_date: immediate
• status: in-force
• impact_areas: aml, surveillance, reporting, onboarding
• primary_url: https://fiuindia.gov.in/pdfs/downloads/Update21022025.pdf
• archive_url: [unknown - verify]

FIU-IND update dated 21 February 2025 transmitting UNSC Press Release SC/16003 with revisions to the consolidated sanctions list (1267/1989) under Section 51A of UAPA. Brokers and depository participants must refresh screening lists and apply enhanced due diligence to existing and new clients identified as positive matches; any frozen funds/securities must be reported to MHA via FIU-IND. Represents the current sanctions update; further periodic updates are issued by FIU-IND on the same URL pattern (UpdateDDMMYYYY.pdf).

FIU-IND-VDASP-20012025

• date_issued: 2025-01-20
• issuer: FIU-IND
• title: “2nd Revision of Circular for Registration of Virtual Digital Asset Service Providers (VDA SPs) in FIU-India as Reporting Entity (RE)” (Notification No. 9-8/2023/COMPL/FIU-IND-Pt-III)
• applies_to: all-intermediaries
• in_force_date: 2025-01-20
• status: superseded
• superseded_by: FIU-IND-VDASP-15092025
• impact_areas: aml, onboarding, reporting, system-audit, cyber-security, other
• primary_url: [unknown - verify; expected: https://fiuindia.gov.in/pdfs/downloads/VDASP20012025.pdf]
• archive_url: [unknown - verify]

Second revision of the VDA-SP registration circular (Notification No. 9-8/2023/COMPL/FIU-IND-Pt-III dated 20 January 2025), tightening documentation and in-person verification requirements for VDA Service Providers seeking PMLA reporting-entity status. Peripheral to traditional stock brokers but a precedent for the FIU-IND’s enhanced registration playbook (Designated Director / Principal Officer in-person meetings, live demo of AML/CFT systems) that may be applied to other intermediary categories.

FIU-IND-UAPA-UNSC-UPDATE-10012024

• date_issued: 2024-01-10
• issuer: FIU-IND
• title: “Implementation of Section 51A of UAPA, 1967: UNSC Press Release SC/15560 - ISIL (Da’esh) & Al-Qaida Sanctions Committee”
• applies_to: broker, depository, exchange, clearing-corp, all-intermediaries
• in_force_date: immediate
• status: superseded
• superseded_by: FIU-IND-UAPA-UNSC-UPDATE-21022025
• impact_areas: aml, surveillance, reporting, onboarding
• primary_url: https://fiuindia.gov.in/pdfs/downloads/Update10012024.pdf
• archive_url: [unknown - verify]

FIU-IND update dated 10 January 2024 transmitting UNSC Press Release SC/15560 covering amendments to the ISIL (Da’esh) and Al-Qaida Sanctions Committee list under Section 51A of UAPA. Reporting entities must immediately update sanctions-screening engines and report any positive matches against client onboarding records, beneficial ownership disclosures and active accounts.

FIU-IND-UAPA-UNSC-UPDATE-14112023

• date_issued: 2023-11-14
• issuer: FIU-IND
• title: “Implementation of Section 51A of UAPA, 1967: Updates to UNSC 1267/1989 ISIL (Da’esh) & Al-Qaida Sanctions List”
• applies_to: broker, depository, exchange, clearing-corp, all-intermediaries
• in_force_date: immediate
• status: superseded
• superseded_by: FIU-IND-UAPA-UNSC-UPDATE-21022025
• impact_areas: aml, surveillance, reporting, onboarding
• primary_url: https://fiuindia.gov.in/pdfs/downloads/Update14112023.pdf
• archive_url: [unknown - verify]

Periodic FIU-IND update circulating amendments to the UNSC 1267/1989 ISIL (Da’esh) & Al-Qaida Sanctions List, communicated to all reporting entities under Section 51A of UAPA, 1967. Reporting entities (including stock brokers) must immediately screen client and beneficial-owner records against the updated list and freeze any matched accounts/holdings; matches must be reported to MHA via FIU-IND. Represents one of many periodic UNSC sanctions-list updates issued by FIU-IND throughout 2020-2026.

FIU-IND-VDASP-17102023

• date_issued: 2023-10-17
• issuer: FIU-IND
• title: “Circular for Registration of Virtual Digital Asset Service Providers (VDA SPs) in FIU-India as Reporting Entity (RE)” (1st version)
• applies_to: all-intermediaries
• in_force_date: 2023-10-17
• status: superseded
• superseded_by: FIU-IND-VDASP-20012025
• impact_areas: aml, onboarding, reporting, system-audit, other
• primary_url: https://fiuindia.gov.in/pdfs/downloads/VDASP17102023.pdf
• archive_url: [unknown - verify]

Initial FIU-IND circular dated 17 October 2023 establishing the operational registration procedure for VDA Service Providers in FINNET 2.0 as reporting entities under PMLA, following the March 2023 PMLA notification. Sets out documentation requirements, the role of Designated Director and Principal Officer, and the consequences of non-compliance. Subsequently revised by the 2nd revision (Jan 2025) and 3rd revision (Sep 2025); peripheral relevance to stock brokers offering VDA-linked services through subsidiaries.

FIU-IND-TCSP-17072023

• date_issued: 2023-07-17
• issuer: FIU-IND
• title: “Notification on registration of Trust and Company Service Provider (TCSP) with FIU-IND” (referencing MoF S.O.2135(E) dated 9 May 2023)
• applies_to: all-intermediaries
• in_force_date: 2023-07-17
• status: in-force
• impact_areas: aml, onboarding, reporting, non-individual, other
• primary_url: https://fiuindia.gov.in/pdfs/downloads/TCSP17072023.pdf
• archive_url: [unknown - verify]

FIU-IND notification dated 17 July 2023 operationalising the Central Government’s S.O.2135(E) (9 May 2023) that brought Trust and Company Service Providers (TCSPs) within the PMLA framework as reporting entities. Mandates TCSPs to register on FINNET 2.0, appoint a Principal Officer and Designated Director, implement customer due diligence, transaction monitoring and suspicious transaction reporting. Indirect relevance to stock brokers using corporate-services agents or onboarding non-individual entities whose TCSPs must themselves be PMLA-registered (counterparty KYC).

FIU-IND-FINGATE-USERMANUAL-REPORTS

• date_issued: 2023-06-12
• issuer: FIU-IND
• title: “User Manual - FINGate 2.0 Module Reports”
• applies_to: broker, depository, exchange, clearing-corp, all-intermediaries
• in_force_date: 2023-06-12
• status: in-force
• impact_areas: reporting, file-format, system-audit, esign, other
• primary_url: https://fiuindia.gov.in/pdfs/quicklinks/User_Manual_FINGate_Reports.pdf
• archive_url: [unknown - verify]

Operational user manual (Version 1.6 dated 12 June 2023, periodically revised) for the FINGate Portal Reports module of FINnet 2.0. Covers preparation and submission of STR/CTR/CCR/NTR/CBWTR by reporting entities, including bulk JSON templates, batch submission using Digital Signature Certificate (DSC) and e-sign, and reporting for entities with multiple lines of business. References the Brokerage Firms STR Bulk Template (TS7). Updates rolled out following feedback received from REs in UAT and production testing.

FIU-IND-FINNET2-REG-2023

• date_issued: 2023-05-09
• issuer: FIU-IND
• title: “Registration with the FINNET 2.0 system of Financial Intelligence Unit - India (FIU-India)”
• applies_to: broker, depository, exchange, clearing-corp, all-intermediaries
• in_force_date: 2023-05-09
• status: in-force
• impact_areas: aml, reporting, file-format, system-audit
• primary_url: https://www.sebi.gov.in/legal/circulars/may-2023/registration-with-the-finnet-2-0-system-of-financial-intelligence-unit-india-fiu-india-_71040.html

SEBI mirrored circular (Ref: SEBI/HO/DDHS/DDHS-POD1/CIR/P/2023/67 dated 9 May 2023) operationalising FIU-IND’s directive to all SEBI-registered intermediaries (stock brokers, depository participants, mutual funds, portfolio managers, etc.) to register/re-register on the new FINNET 2.0 portal of FIU-IND. The migration replaces the legacy FINNet 1.0 system; all CTR/STR/CCR/NTR/CBWTR reporting is to be filed via FINNET 2.0 going forward. The original FIU-IND directive (“Registration of the Reporting Entities (REs) in FINnet 2.0 system of FIU-INDIA”) was issued in 2022 and re-stated through SEBI to securities intermediaries.

FIU-IND-AMLCFT-VDA-10032023

• date_issued: 2023-03-10
• issuer: FIU-IND
• title: “AML & CFT Guidelines For Reporting Entities Providing Services Related To Virtual Digital Assets”
• applies_to: all-intermediaries
• in_force_date: 2023-03-10
• status: in-force
• superseded_by: FIU-IND-VDA-08012026
• impact_areas: aml, onboarding, re-KYC, kyc-modification, reporting, other
• primary_url: https://fiuindia.gov.in/pdfs/AML_legislation/AMLCFTguidelines10032023.pdf
• archive_url: [unknown - verify]

Sector-specific AML/CFT guidelines for VDA Service Providers, effective 10 March 2023. Mandates compulsory registration with FIU-IND as reporting entities, appointment of a Designated Director and Principal Officer, customer due diligence, transaction monitoring, record-keeping, and STR/CTR/CCR/NTR/CBWTR reporting on the FINNet 2.0 platform. While addressed to VDA-SPs, brokers participating in any VDA-related ancillary activity (e.g., crypto-linked products through subsidiaries) should review applicability. Subsequently consolidated/updated by the AML & CFT Guidelines for VDA SPs issued 8 January 2026.

FIU-IND-PMLR-AMEND-2023-03-07

• date_issued: 2023-03-07
• issuer: FIU-IND
• title: “Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023”
• applies_to: broker, depository, exchange, clearing-corp, all-intermediaries
• in_force_date: 2023-03-07
• status: in-force
• impact_areas: aml, onboarding, re-KYC, reporting, non-individual, fatca-crs, other
• primary_url: https://fiuindia.gov.in/files/AML_Legislation/notification.html
• archive_url: [unknown - verify]

Ministry of Finance amendment to the PML (Maintenance of Records) Rules, 2005 effective 7 March 2023. Lowers the beneficial-owner threshold for companies from 25% to 10% and for partnership firms from 15% to 10%; introduces a FATF-aligned definition of “politically exposed persons” (PEPs); requires reporting entities to upload KYC data of customers on the Central KYC Registry (CKYCR) within prescribed timelines; mandates group-wide policies for compliance with Chapter IV; expands and clarifies reporting entity obligations including determination of beneficial ownership at the commencement of an account-based relationship. Directly impacts onboarding, periodic re-KYC, and BO disclosure obligations of stock brokers and depository participants.

FIU-IND-SO1072E-2023-03-07

• date_issued: 2023-03-07
• issuer: FIU-IND
• title: “Notification S.O. 1072(E) under Section 2(1)(sa)(vi) of the Prevention of Money-laundering Act, 2002 - designating Virtual Digital Asset Service Providers as ‘persons carrying on a designated business or profession’”
• applies_to: all-intermediaries
• in_force_date: 2023-03-07
• status: in-force
• impact_areas: aml, reporting, onboarding, kyc-modification, other
• primary_url: https://egazette.gov.in/WriteReadData/2023/244184.pdf

Ministry of Finance gazette notification S.O. 1072(E) dated 7 March 2023, issued under Section 2(1)(sa)(vi) of the PMLA, brought five categories of VDA-related activities (exchange between VDAs and fiat; exchange between forms of VDAs; safekeeping/administration of VDAs or instruments controlling VDAs; participation in/provision of financial services related to an issuer’s offer and sale of a VDA; transfer of VDAs) within “designated business or profession” - making VDA Service Providers reporting entities under Section 2(1)(wa) PMLA. While the notification targets VDA-SPs, it operates in parallel with the PML (Maintenance of Records) Amendment Rules of the same date that impact all PMLA reporting entities including stock brokers (lower BO threshold, group-wide policies, PEP definition).

FIU-IND-CAPITAL-MARKET-ALERTS-2022-23

• date_issued: [unknown - verify; reported during FY 2022-23, publicised April 2024]
• issuer: FIU-IND
• title: “Alert indicators for capital markets (market infrastructure institutions, brokers and depositories)” (supplemental guidelines published in FIU-IND Annual Report 2022-23)
• applies_to: broker, depository, exchange, clearing-corp
• in_force_date: [unknown - verify]
• status: in-force
• impact_areas: aml, surveillance, reporting, rms, client-funds, other
• primary_url: https://fiuindia.gov.in/pdfs/downloads/AnnualReport2022_23.pdf
• archive_url: [unknown - verify]

As reported in FIU-IND’s Annual Report 2022-23 (publicised in April 2024 press coverage), FIU-IND issued a fresh set of “alert indicators” for capital markets covering Market Infrastructure Institutions (stock exchanges and depositories). Areas of focus include: synchronised and manipulative trade practices, order spoofing, suspicious off-market transfers (depositories), and mis-utilisation of client funds by stock brokers detected during inspections/audits. Stock exchanges are required to file STRs where they observe “serious anomalies” from an ML/TF perspective during stock-broker inspections; depositories must specifically generate STRs for suspicious off-market transfers. Marks a strategic shift from compliance-based to detection-based reporting in the securities sector.

FIU-IND-CBWT-FAQ

• date_issued: [unknown - verify]
• issuer: FIU-IND
• title: “Frequently Asked Questions (FAQs) - Cross-Border Wire Transfer Report (CBWTR)”
• applies_to: broker, all-intermediaries
• in_force_date: [unknown - verify]
• status: in-force
• impact_areas: reporting, file-format, aml, other
• primary_url: https://fiuindia.gov.in/pdfs/downloads/All%20FAQs%20for%20CBWT.pdf
• archive_url: [unknown - verify]

FAQ document interpreting CBWTR (Cross-Border Wire Transfer Report) obligations under Rule 3(1)(D) of the PML (Maintenance of Records) Rules. Every cross-border wire transfer where the value exceeds Rs.5 lakh (or foreign currency equivalent) and where the origin or destination of funds is in India must be reported by the 15th of the succeeding month. Sender and receiver legs must be reported separately (“P” for sender / “R” for receiver). Applies to all reporting entities executing or facilitating cross-border wire transfers, including stock brokers conducting NRI/FPI-linked or merchant remittances on behalf of clients.

FIU-IND-CTR-BANKING-FORMAT

• date_issued: [unknown - verify]
• issuer: FIU-IND
• title: “Cash Transaction Report (CTR) for a Banking Company”
• applies_to: broker, all-intermediaries
• in_force_date: [unknown - verify]
• status: in-force
• impact_areas: reporting, file-format, aml
• primary_url: https://fiuindia.gov.in/pdfs/downloads/CBA.pdf
• archive_url: [unknown - verify]

CTR reference format originally framed for banking companies under Section 12(1)(b) of PMLA read with Rule 3(1)(A) of the PML (Maintenance of Records) Rules. Threshold: aggregate cash transactions exceeding Rs.10 lakh in a calendar month, or a series of integrally connected cash transactions valued above Rs.10 lakh. Securities-sector reporting entities (including stock brokers handling cash) cross-reference this schema for the CTR fields they must populate when filing through FINGate 2.0. CTRs are due by the 15th of the succeeding month.

FIU-IND-EFT-REPORTING-FORMAT

• date_issued: [unknown - verify]
• issuer: FIU-IND
• title: “Annexure B - Electronic Fund Transfer based Reporting format (TRF-EFT)”
• applies_to: broker, all-intermediaries
• in_force_date: [unknown - verify]
• status: in-force
• impact_areas: reporting, file-format, aml
• primary_url: https://fiuindia.gov.in/pdfs/downloads/EFT.pdf
• archive_url: [unknown - verify]

Electronic Fund Transfer-based reporting format (TRF-EFT) prescribed by FIU-IND. Forms part of the EFT/CBWTR reporting suite under Project FINnet, defining field-level XML schema for cross-border and high-value fund-transfer transactions. Brokers facilitating client funds movement across banks (pay-in/pay-out) and cross-border legs need to ensure mappings match FIU-IND data dictionary.

FIU-IND-REPORTING-FORMAT-V114

• date_issued: [unknown - verify]
• issuer: FIU-IND
• title: “Reporting Format - Introduction Version 1.14” (FINnet 2.0)
• applies_to: broker, depository, exchange, all-intermediaries
• in_force_date: [unknown - verify]
• status: in-force
• impact_areas: reporting, file-format, aml, surveillance
• primary_url: https://fiuindia.gov.in/pdfs/quicklinks/Reporting_Format.pdf
• archive_url: [unknown - verify]

Technical reporting format reference document under FIU-IND’s Project FINnet 2.0. Defines XML-based report structures (replacing earlier multiple-file formats) for all reporting entity categories. Includes the dedicated Brokerage Firms STR format (TS7 - Brokerage Transaction Format) used by stock brokers. Reports covered: STR (Suspicious Transaction Report), CTR (Cash Transaction Report, >= Rs.10 lakh threshold), CCR (Counterfeit Currency Report), NTR (Non-Profit Organisation Transaction Report, >= Rs.10 lakh receipt threshold), and CBWTR/CB2 (Cross-Border Wire Transfer Report, >= Rs.5 lakh threshold). Document is mirrored at https://www.sebi.gov.in/sebi_data/commondocs/jun-2024/Reporting_Format_p.pdf (June 2024 hosting).

Practical notes

• [gotcha] Circular IDs are case-sensitive and the issuer’s exact punctuation matters when looking them up on the official site.
• [industry practice] Most ops teams subscribe to the issuer’s email distribution list rather than scraping the site — leads to more reliable real-time tracking.
• [risk trade-off] Some entries are marked [unknown — verify] where the agent could not re-fetch the primary URL or the document used informal numbering; treat those as leads, not citations.

Verified through

2026-05-14

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AI-generated and not legal advice. See the project README for the full disclaimer.