Financial Intelligence Unit
Consider the following statements with reference to the Financial Intelligence Unit – India (FIU-IND):
- The FIU- IND was set up by the Government of India in 2005 as the central national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions.
- FIU-IND is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by the Finance Minister.
Choose the correct answer from the codes given below:
Both 1 and 2
Neither 1 nor 2