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Financial Intelligence Unit - India (FIU-IND)
Consider the following statements about Financial Intelligence Unit - India (FIU-IND):
- 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.
- 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
|
|
Your Ans is
Right ans is B
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- FIU-IND is not a regulatory authority.
- The primary responsibility of FIU-IND is to collect the data, analyse the data and disseminate that data to the regulators like RBI, SEBI, IRDAI etc. Hence, statement 1 is incorrect.
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