The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to the revised Model Memorandum of Understanding between the Financial Intelligence Unit(FIU) – India (FIU-Ind) with its counterpart foreign Financial Intelligence Units (FIUs) for exchange of information.
Major Functions :
- screening and processing requests from foreign Financial Intelligence Units (FIUs)
- disseminating information to foreign FIUs
- establishing and maintaining relationship with foreign FIUs
- and facilitating, administering and negotiating MoUs with foreign FIUs