FIU

MoF Clarification on Online Monitoring of Evasion of Taxes

Under the provisions of the Prevention of Money Laundering Act, 2002 and the rules framed there under, it is the responsibility of the banks and other financial institutions to detect suspicious transactions and report such transactions to the Financial Intelligence Unit-India (FIU-IND) under the Ministry of Finance. FIU-IND is responsible for receiving and analysing such… Read More

Tags: Financial IntelligenceFIUFlorida International UniversityIndiaIndirect taxLaw enforcement agencyLok Sabhaministry of finance

MCA signs MoUs for developing a Comprehensive system for early detection of corporate frauds

Signing of MOUs between Ministry of Corporate Affairs and Financial intelligence unit & NIELIT Giving a fillip to the early establishment of a state-of-art Forensic Lab within the premises of Serious Fraud Investigation Office (SFIO) in the national capital; and the development of a Comprehensive Early Warning System (EWS) for detection of corporate fraud and… Read More

Tags: Corporate Affairs MinistryFinancial IntelligenceFIUMemorandum of understandingSFIO

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