NFIU 2025 AML Reports Decline

The India — Financial Intelligence Unit – India (NFIU) released its 2025 Annual Report, revealing that financial institutions submitted 42,082 Suspicious Transaction Reports (STRs), a 48.8% decline from 82,143 in 2024. Suspicious Activity Reports (SARs) also fell by 55% to 10,513. However, Currency Transaction Reports (CTRs) surged 61.6% to 41.7 million, and Politically Exposed Persons (PEP) reports rose 31.1% to 28.1 million. Deposit Money Banks dominated all categories, accounting for 92% of STRs and 89.2% of CTRs. Virtual Asset Service Providers (VASPs) began reporting in the second half of 2025, filing 49 STRs and 313 CTRs. The NFIU conducted on-site examinations of 29 entities in Abuja, leading to 20 new registrations on the RapidAML portal. The Nigeria — Central Bank of Nigeria issued a draft framework in May 2025 mandating AI/ML-based AML systems for real-time monitoring and automated reporting. The decline in suspicious reports may reflect improved compliance and automated systems, while increased CTRs indicate broader transaction monitoring.