Sharing information on money laundering

Sharing information on money laundering

The Government of India has authorized Financial Intelligence Unit - India (FIU-IND) to enter into Memorandum of Understanding (MOU) with FIUs of other countries to exchange information pertaining to money laundering and terror funding. So far, FIU-IND has signed MOUs with FIUs of Mauritius, Philippines, Brazil, Malaysia, Russian Federation, Australia and Canada and information is being shared between FIU-IND and its counterparts. Further, India has entered into MOUs with China and Vietnam which find mention of crime relating to money laundering.

This information was given by Minister of State for Finance, Shri S.S. Palanimanickam in reply to a question raised by Shri Baijayant Jay Panda in Lok Sabha today.

BSC/BY/DN-104