(THE GIST OF PIB) Financial Intelligence Unit-India

(SEPTEMBER-2025)

Recently, the Department of Telecommunications (DoT) and the Financial Intelligence Unit-India (FIU-IND) signed a comprehensive Memorandum of Understanding (MoU) to enhance data sharing and inter-agency coordination.

It was set by the Government of India in 2004.
It is the central national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions.
It is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by the Finance Minister.

Collection of Information: It acts as the central reception point for receiving Cash Transaction reports (CTRs), Non-Profit Organisation Transaction Report (NTRs), Cross Border Wire Transfer Reports (CBWTRs), Reports on Purchase or Sale of Immovable Property (IPRs) and Suspicious Transaction Reports (STRs) from various reporting entities.
Analysis of Information: Analyze received information in order to uncover patterns of transactions suggesting suspicion of money laundering and related crimes.
Sharing of Information: It shares information with national intelligence/law enforcement agencies, national regulatory authorities and foreign Financial Intelligence Units.
Central Repository: It establishes and maintains a national database on the basis of reports received from reporting entities.
Research and Analysis: Monitor and identify strategic key areas on money laundering trends, typologies and developments.