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TMI BlogRBI Agreement with UK on Black Money.X X X X Extracts X X X X X X X X Extracts X X X X ..... RBI Agreement with UK on Black Money. X X X X Extracts X X X X X X X X Extracts X X X X ..... with UK on Black Money On 17.07.2012, the Reserve Bank of India (RBI) has entered into a Memorandum of Understanding (MoU) with Financial Service Authority (FSA) of UK. The MOU is on "Supervisory Op ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eration and Exchange of Supervisory Information" to promote supervisory co-operation between these institutions, and to provide for formal basis for co-operation in the area of banking supervision, in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cluding for exchange of supervisory information. Such co-operation will enable these supervisory entities to perform their functions more effectively. The MoU contains provisions for sharing of super ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... visory information, co-operation in respect of on-site examinations, crisis management and maintenance of confidentiality of supervisory information shared between RBI and FSA. RBI shares any informa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion received with regard to matters under the Financial Action Task Force with the Financial Intelligence Unit-India (FIU-IND) for taking further necessary action under the Prevention of Money Launde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ring Act, 2002.
This was stated by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Rajya Sabha today.
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