By Speed Post/Fax

NHB(ND)/DRS/ POL-No-17 /2006                  

September 25, 2006  

 

TO ALL REGISTERED HOUSING FINANCE COMPANIES

 

  Dear Sir,

 

KNOW YOUR CUSTOMER GUIDELINES – ANTI MONEY LAUNDERING STANDARDS- REPORTING SYSTEM

Please refer to our Circular No. NHB (ND)/DRS/ POL-No-14 /2006 dated July 25, 2006 enclosing , inter alia , the formats in which the Cash/Suspicious Transactions (CTR/STR) are required to be reported to FIU-IND, New Delhi .

2. It has since been advised by the FIU-IND, New Delhi that HFCs need not submit ‘NIL' reports in case there are no Cash/Suspicious Transactions, during a particular period. HFCs are advised to take note and act accordingly.

 

Yours faithfully

 

Sd/-

(R.Bhalla)

General Manager

Department of Regulation & Supervision