FIU-IND is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	President of India
B	NITI Aayog
C	Governor of RBI
D	Finance Minister

Explanation:

Detailed explanation-1: -New Delhi: The Central Government has approved the entrustment of the additional charge of the post of Director of Financial Intelligence Unit – India (FIU-India) on Friday.

Detailed explanation-2: -Financial Intelligence Unit – India primary responsibility is to receive cash/suspicious transaction reports, analyse them, and, when needed, distribute vital financial information to intelligence/enforcement agencies and regulatory authorities.

Detailed explanation-3: -The FIU has collaborated with different financial institutions and foreign financial intelligence units to develop methods to tackle money laundering. It is an independent and autonomous agency which comes under the Ministry of Finance which reports directly to the Economic Intelligence Council (EIC).

Detailed explanation-4: -Financial Intelligence Unit-India (FIU-IND) is the central, national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions to enforcement agencies and foreign FIUs.

There is 1 question to complete.