Financial intelligence unit signs MoU with SEBI, PFRDA to combat fincl fraud
This story was originally published at 16:30 IST on 16 April 2026
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NEW DELHI – The finance ministry's Financial Intelligence Unit-India has signed memoranda of understanding with the Securities and Exchange Board of India and the Pension Fund Regulatory and Development Authority to enhance information sharing and coordination to combat money laundering and financial crimes. The cooperation will include assessment of money laundering and terror financing risks and vulnerabilities across relevant financial sub-sectors, the finance ministry said Thursday.
The coordination will also include identification and dissemination of red flag indicators for suspicious transactions, and supervision and monitoring of compliance by reporting entities with obligations under money laundering, SEBI, and PFRDA norms. The relevant parties will ensure alignment with applicable international standards and hold quarterly meetings to exchange information and deliberate on issues of mutual interest, the ministry said.
The agreements also aim to enable the regulatory agencies to undertake outreach and training programmes for regulated or reporting entities, with a focus on upgrading anti-money laundering and combating financing of terrorism capabilities among entities regulated by them. Financial Intelligence Unit-India is the national agency responsible for receiving, processing, analysing and disseminating information relating to suspect financial transactions.
Over the last year, the Financial Intelligence Unit-India has been signing agreements with various departments, regulators and ministries to improve compliance with global standards against money laundering and terror financing. It has already signed similar agreements with the Reserve Bank of India, the Insurance Regulatory and Development Authority of India, and the Indian Cyber Crime Coordination Centre, among others. End
Reported by Priyasmita Dutta
Edited by Ashish Shirke
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