AML & PMLA Compliance Support by N D Savla & Associates

FIU-IND registration is not a formality. It is a legal obligation under the Prevention of Money Laundering Act (PMLA). If your entity is classified as a reporting entity and you miss this step, the risk isn’t theoretical. It’s regulatory action, penalties, and inspection exposure.

At N D Savla & Associates, we help entities register with FIU-IND and set up reporting systems that actually work in practice, not just on paper.

What Is FIU-IND?

The Financial Intelligence Unit – India (FIU-IND) is the central national agency responsible for receiving, processing, and analysing financial transaction reports under the PMLA framework.

Reporting entities are required to:

• Register with FIU-IND

• File prescribed transaction reports

• Maintain AML and record-keeping systems

• Cooperate with regulatory and enforcement authorities

Who Is Required to Register with FIU-IND?

FIU-IND registration is mandatory for all reporting entities, including:

• NBFCs and banks

• Asset Reconstruction Companies

• Payment system operators

• Insurance companies

• Capital market intermediaries

• Other entities notified under PMLA

If your entity handles financial transactions, FIU-IND compliance likely applies.

Our FIU-IND Registration Services

1. Applicability & Readiness Assessment

We begin by reviewing:

• Nature of business and regulatory classification

• PMLA applicability

• Existing KYC and AML processes

• Reporting obligations

This ensures correct classification and scope.

2. FIU-IND Registration & Onboarding

We assist with:

• Registration on FIU-IND portal

• Entity and principal officer mapping

• User ID creation and access setup

• Initial compliance configuration

Errors at this stage lead to repeated rejections. We avoid that.

3. AML Framework & Documentation Support

We help put in place:

• AML and CFT policy

• Customer due diligence procedures

• Risk-based transaction monitoring framework

• Record-keeping systems

Documentation is aligned with regulator expectations.

4. STR, CTR & Ongoing Reporting Support

Our support includes:

• Guidance on Suspicious Transaction Reports

• Cash Transaction Report framework

• Timelines and thresholds monitoring

• Error resolution and compliance tracking

Reporting accuracy matters as much as reporting itself.

Why Choose N D Savla & Associates?

FIU-IND compliance sits at the intersection of regulation and operations.

• Experience with PMLA and AML frameworks

• Practical understanding of reporting obligations

• Support beyond one-time registration

• Clear compliance workflows

• Confidential and structured handling

We help you stay compliant without disrupting business.