Money Changer Compliance

Mandatory Compliance for Money Changer Dealer

• Daily Summary and Balance Book (Foreign currency notes / coins) in form FLM 1
• Daily Summary and Balance Book (Travelers’ cheques) in form FLM 2
• Register of purchases of foreign currencies from the public in form FLM 3
• Register of purchases of foreign currency notes / coins from authorized dealers and authorized money changers in form FLM 4
• Register of sales of foreign currency notes / coins and foreign currency travelers’ cheques to the public in form FLM 5
• Register of sales of foreign currency notes / coins to authorized dealers / Full Fledged Money Changers / overseas banks in form FLM 6.
• Register of travelers' cheques surrendered to authorized dealers / authorized money changers / exported in form FLM 7
• The Cash Transaction Report (CTR) (for each month should be submitted to the FIU-IND by 15th of the succeeding month. However, while filing CTR, details of individual transactions below Rupees 50,000 need not be furnished) and
• The Suspicious Transaction Report (STR) (should be furnished within 7 days of arriving at a conclusion that any transaction, including an attempted transaction).