Collaboration Between FIU-IND and IRDAI
The Financial Intelligence Unit-India (FIU-IND) and the Insurance Regulatory and Development Authority of India (IRDAI) have entered into a significant agreement.
Purpose of the Agreement
- This pact enables the sharing of relevant intelligence and information available in their respective databases.
Context and Importance
- This collaboration is a part of ongoing efforts to enhance the effective implementation of the Prevention of Money Laundering Act and related rules.
- Such coordinated efforts are crucial for preventing financial crimes and ensuring regulatory compliance.
