National Supervisory Authority & Licensing Qualification Dossier • Asia-Pacific
Financial Intelligence Unit – India
Global Jurisdiction- Supervisory tier
- Tier-2
- License classes
- 2
- Licensed records
- 3
- Active / regulated
- 3
Statutory Supervisory Mandate & Scope
Introduction to the regulator: The source says FIU-IND is part of the Department of Revenue under India’s Ministry of Finance and performs regulatory functions under the Prevention of Money Laundering Act, 2002 (PMLA). Listed functions include collecting, processing and analyzing financial reports such as Cash Transaction Reports (CTR), Suspicious Transaction Reports (STR) and cross-border transfer reports; sharing analysis with law-enforcement agencies, regulators and foreign FIUs; serving as a national financial-intelligence repository and international anti-money-laundering coordination hub; and performing AML/CFT oversight under the PMLA and related rules, including penalties for violations. The source gives a 2020 penalty against PayPal of INR 960,000.
Prudential Tier Assessment
Tier-2Tier-2 national Financial Intelligence Unit (FIU) and AML/CFT / Virtual Asset Service Provider (VASP) supervisor in Global Jurisdiction.
National licensing qualifications & statutory authorisation classes (Financial Intelligence Unit – India)
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by Financial Intelligence Unit – India in Global Jurisdiction.
| License class / code | Official designation | Permitted institutional & retail activities | Minimum initial / base capital | Ongoing prudential & solvency rule |
|---|---|---|---|---|
| VASP / DCE Registration | Virtual Asset Service Provider & Custodial Wallet Registration | Fiat-to-crypto exchange, crypto-to-crypto exchange, virtual asset transfer, and custodial wallet administration. | USD $50,000 – $150,000 equivalent share capital (or statutory fit-and-proper + local MLRO presence). | Continuous KYC/CDD onboarding, blockchain analytics transaction monitoring, and annual independent AML audit. |
| MSB / Currency Exchange Registration | Money Services Business & Remittance Registration | Money transmission, foreign currency dealing, and payment instrument issuance. | Subject to state/national surety bond and minimum net worth requirements. | Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs/STRs) via goAML / BSA E-Filing. |
Investor compensation, client money segregation & digital-asset regime
Statutory counterparty protections, custody reconciliation mandates, and virtual-asset licensing status under Financial Intelligence Unit – India.
AML/CFT Registration Only (Non-Prudential / No Investor Compensation Scheme)
- Maximum coverage per client
- Not covered by statutory investor compensation (FIU/MSB registration supervises AML/CFT compliance rather than prudential solvency)
- Eligible counterparties & scope
- Counterparties must verify whether the entity also holds a separate prudential securities or banking licence.
Financial Intelligence Unit – India VASP Custodial Wallet & Client Ledger Separation Rules
- Reconciliation & audit cadence
- On-chain and off-chain omnibus ledger reconciliation; separation of customer virtual assets from corporate treasury.
- Approved custodian requirements
- Multi-signature / MPC hardware security module (HSM) custody and segregated fiat settlement accounts.
Financial Intelligence Unit – India Statutory VASP / Digital Currency Exchange Registration
- Travel Rule, custody & stablecoin rules
- Mandatory originator and beneficiary Travel Rule data transmission for virtual asset transfers.
Primary Governing Statutes & Rulebooks
- Anti-Money Laundering and Counter-Terrorist Financing Act of Global Jurisdiction
- FATF Recommendations 15 (Virtual Assets & VASPs) & 16 (Wire Transfer / Travel Rule)
- Financial Intelligence Unit – India Mandatory VASP / MSB Registration & Beneficial Ownership Regulations
Regulatory Reporting & Audit Obligations
Prompt filing of Suspicious Transaction Reports (STRs) and Threshold Transaction Reports with Financial Intelligence Unit – IndiaAppointment of a resident Money Laundering Reporting Officer (MLRO) and annual independent AML/CFT compliance audit5-year retention of KYC identity records and Travel Rule cryptographic counterparty data
Cross-Border Equivalence & Passporting
Territorial registration required in Global Jurisdiction whenever soliciting or onboarding domestic residents.
Supervised institutions & Financial Intelligence Unit – India licence records in our database
3 licence records referencing Financial Intelligence Unit – India (3 regulated/registered).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| bybit(Cross-jurisdiction record) | Not supplied | Registered | Bybit Fintech Limited | 2025-02 | |
| Binance DEX(Cross-jurisdiction record) | Not supplied | Regulated | Binance(Binance Holdings Ltd.) | 2023 | |
| Delta Exchange(Cross-jurisdiction record) | VA00041101 | Regulated | Excelium Technologies Private Limited | 2023 |
Financial Intelligence Unit – India (Global Jurisdiction): institutional licensing & due diligence FAQ
Key statutory capital, compensation, custody segregation, and verification answers for compliance teams.
What are the primary licensing classes and minimum capital requirements under Financial Intelligence Unit – India (Global Jurisdiction)?
Financial Intelligence Unit – India supervises financial institutions in Global Jurisdiction under Anti-Money Laundering and Counter-Terrorist Financing Act of Global Jurisdiction and FATF Recommendations 15 (Virtual Assets & VASPs) & 16 (Wire Transfer / Travel Rule). Key statutory authorisation classes include: VASP / DCE Registration (Virtual Asset Service Provider & Custodial Wallet Registration — min. capital: USD $50,000 – $150,000 equivalent share capital (or statutory fit-and-proper + local MLRO presence).); MSB / Currency Exchange Registration (Money Services Business & Remittance Registration — min. capital: Subject to state/national surety bond and minimum net worth requirements.). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.
Does Financial Intelligence Unit – India provide statutory investor compensation and mandatory client asset segregation?
Under Financial Intelligence Unit – India's framework, investor protection is governed by AML/CFT Registration Only (Non-Prudential / No Investor Compensation Scheme) with maximum coverage of Not covered by statutory investor compensation (FIU/MSB registration supervises AML/CFT compliance rather than prudential solvency) (Counterparties must verify whether the entity also holds a separate prudential securities or banking licence.). For client money and custody assets, supervised firms must comply with Financial Intelligence Unit – India VASP Custodial Wallet & Client Ledger Separation Rules, performing on-chain and off-chain omnibus ledger reconciliation; separation of customer virtual assets from corporate treasury. with multi-signature / mpc hardware security module (hsm) custody and segregated fiat settlement accounts..
How does Financial Intelligence Unit – India regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
Financial Intelligence Unit – India's digital-asset regime is structured around Financial Intelligence Unit – India Statutory VASP / Digital Currency Exchange Registration (Active mandatory AML/CFT and VASP registration with public register verification.). Custody and AML/CFT compliance obligations require: Mandatory originator and beneficiary Travel Rule data transmission for virtual asset transfers.
How can I verify an institution's Financial Intelligence Unit – India licence number and check our 3 recorded licence entries?
Our database currently tracks 3 licence records referencing Financial Intelligence Unit – India (3 marked regulated or registered). To verify a counterparty at the primary source, open Financial Intelligence Unit – India's official public register (https://www.fingate.gov.in/), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.
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Statutory licensing classes, base capital rules, and investor protection summaries for Financial Intelligence Unit – India (Global Jurisdiction) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on Financial Intelligence Unit – India’s official public register.