What changed
FIU-India has replaced the earlier multiple data files reporting format with a single XML file format for all PMLA reports. The new format includes Account Based Reporting Format (ARF), Transaction Based Reporting Format (TRF), and CCR Reporting Format (CRF). Fixed width text file specifications have also been revised to version 2.0 to aid migration.
What it means for you
UCBs must upgrade their reporting systems to generate XML-based reports as per the new schema, or use the provided Report Generation and Validation Utilities. The transition date will be announced separately, but banks should start capacity building immediately to ensure compliance.
What you must do
- Download the Reporting Format Guide and XML schemas from the FIU-India website.
- Assess your bank's technical capability to generate XML reports directly or use the FIU-India utilities.
- Initiate urgent steps to build capacity for XML-compliant report generation.
- Acknowledge receipt of this circular to the concerned Regional Office of Urban Banks Department.
Who it affects
All Primary (Urban) Co-operative Banks, Compliance and IT departments of UCBs, FIU-India reporting teams
What reports are covered under the new XML format?
The new format covers Cash Transaction Reports (CTRs), Suspicious Transaction Reports (STRs), Counterfeit Currency Reports (CCRs), and Non Profit Organization Transaction Reports (NTRs).
Do we need to stop using the old format immediately?
No, the transition date will be communicated separately. However, banks should start preparing for the new XML format now.
Can we generate XML reports without the FIU-India utilities?
Yes, if your bank has the necessary technical capabilities, you can generate XML reports directly from your systems. Otherwise, use the Report Generation Utility and Report Validation Utility provided by FIU-India.