FINANCE INTELLIGENCE UNIT, INDIA (FIU-IND)

Consequent to the enactment of the Prevention of money-laundering Act,2002 (PMLA), Financial Intelligence Unit-India (FIU-IND) was set up by the Government of India in the Department of Revenue, Ministry of Finance vide office memorandum dated 18th November, 2004. FIU-IND is the central national agency for receiving, processing, analyzing and disseminating information relating to suspect financial transactions. FIU-IND is also responsible for coordinating and strengthening efforts of national and international intelligence, investigation and enforcement agencies in pursuing the global efforts against money laundering and related crimes. It is a multi-disciplinaryunit for establishing links between suspicious or unusual financial transactions and underlying criminal activities so as to prevent and combat money laundering and related crimes.