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Financial Intelligence Unit - India (FIU-IND)

Consider the following statements about Financial Intelligence Unit - India (FIU-IND):

  1. It is a central regulatory authority responsible for the analysis and processing of the data related to suspected financial transactions done across India and outside India.
  2. It acts as central repository for the data base on cash transactions and suspicious transactions.

Choose the correct answer from the code given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2