Financial Intelligence Unit – India
E543272
Financial Intelligence Unit – India is the national central agency responsible for receiving, processing, analyzing, and disseminating information related to suspected financial transactions to combat money laundering and terrorist financing.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
financial intelligence unit
ⓘ
government agency ⓘ national central agency ⓘ |
| abbreviation | FIU-IND NERFINISHED ⓘ |
| analysisType |
operational analysis of financial transaction data
ⓘ
strategic analysis of financial transaction data ⓘ |
| cooperatesWith |
Central Bureau of Investigation, India
NERFINISHED
ⓘ
Enforcement Directorate, India NERFINISHED ⓘ Insurance Regulatory and Development Authority of India NERFINISHED ⓘ Reserve Bank of India NERFINISHED ⓘ Securities and Exchange Board of India NERFINISHED ⓘ state police forces in India ⓘ |
| country | India ⓘ |
| dataSource |
reports from banks
ⓘ
reports from financial institutions ⓘ reports from intermediaries and designated non-financial businesses and professions ⓘ |
| establishedFor | implementation of international anti-money laundering standards in India ⓘ |
| function |
coordinate with domestic law enforcement agencies on financial intelligence
ⓘ
serve as national agency for collection of financial intelligence ⓘ share financial intelligence with foreign financial intelligence units ⓘ |
| headquarters | New Delhi, India NERFINISHED ⓘ |
| jurisdiction | Republic of India NERFINISHED ⓘ |
| legalFramework |
Prevention of Money Laundering Act, 2002
NERFINISHED
ⓘ
rules and regulations issued under the Prevention of Money Laundering Act, 2002 ⓘ |
| locatedIn |
New Delhi, India
ⓘ
surface form:
New Delhi
|
| mandate | receive, process, analyze and disseminate information relating to suspect financial transactions ⓘ |
| memberOf | Egmont Group of Financial Intelligence Units NERFINISHED ⓘ |
| objective |
strengthen the anti-money laundering regime in India
ⓘ
support investigations into predicate offences and terrorist financing ⓘ |
| parentOrganization | Department of Revenue, Ministry of Finance, Government of India NERFINISHED ⓘ |
| partOf | Ministry of Finance, Government of India NERFINISHED ⓘ |
| reportsReceived |
cash transaction reports
ⓘ
counterfeit currency reports ⓘ cross-border wire transfer reports ⓘ non-profit organization transaction reports ⓘ suspicious transaction reports ⓘ |
| responsibility |
analyzing information related to financial transactions
ⓘ
combating money laundering ⓘ combating terrorist financing ⓘ disseminating information related to financial transactions ⓘ processing information related to financial transactions ⓘ receiving information related to financial transactions ⓘ |
| sector |
anti-money laundering
ⓘ
counter-terrorist financing ⓘ |
| supervises | reporting entities under the Prevention of Money Laundering Act ⓘ |
| supports | policy formulation on anti-money laundering and counter-terrorist financing in India ⓘ |
| typeOfOrganization | operationally independent unit within the Government of India ⓘ |
| worksOn | identification of suspicious patterns in financial transactions ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Department of Revenue (India)
subject surface form:
Department of Revenue (India)