FIU-IND ·

FIU-IND lists NBFCs as non-compliant for missing FINnet 2.0 registration

NBFCs must complete FINnet 2.0 registration to restore FIU-IND reporting access

Financial Services
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Change
FIU-IND listed certain NBFCs as non-compliant for failing to complete mandatory FINnet 2.0 registration under India’s PMLA reporting framework.
Why it matters
FINnet 2.0 registration is now the control gate for FIU-IND reporting access. NBFCs missing registration at the reporting entity, Principal Officer or Designated Director level cannot complete AML/CFT filings through the FIU-IND system.
Implications
  • — NBFC compliance teams must verify FINnet 2.0 registration across all required levels — missing entity, Principal Officer or Designated Director registration blocks FIU-IND reporting access.
  • — NBFC Principal Officers must ensure reporting access is active before STR, CTR or other PMLA filings fall due — incomplete FINnet 2.0 registration creates a reporting failure independent of transaction monitoring controls.
  • — NBFC management teams must close role-registration gaps for Principal Officer and Designated Director accountability — FIU-IND listed entities as non-compliant where mandatory registration was incomplete.

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