Current Questions

Money-laundering And Its Prevention :

Financial Intelligence Unit

Consider the following statements with reference to the Financial Intelligence Unit – India (FIU-IND):

  1. 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.
  2. 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:


Financial Intelligence Unit - India (FIU-IND)

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

  1. FIU-IND works under the aegis of NITI Aayog.
  2. CEO Niti Aayog acts as its Director.
  3. FIU-IND is an independent body reporting directly to the Economic Intelligence Council.

Choose the correct answer from the code given below:


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:


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