CBI and FIU–India sign MOU under Prevention of Money Laundering Act
CENTRAL Bureau of Investigation and Financial Intelligence Unit – India (FIU-IND) in the Ministry of Finance, signed today a Memorandum of understanding to facilitate better exchange of information against the Economic offenders and to improve the anti-money laundering regime.
As per this MOU, the FIU – IND will make available to CBI, suspicious transaction reports relating to suspected cases of crime and cash transaction reports relating to the suspicious transaction reports. Whereas, CBI will make available to FIU – IND the list of offenders or suspected offenders available so as to facilitate tracing of proceeds of crime. Both parties also agreed to appoint a nodal officer to interact with each other.
FIU – IND will endeavour to obtain information from Financial Intelligence Units of other countries. Both parties to this MOU will endeavour to provide each other with access to their database.