Under the PMLA, the Financial Intelligence Unit-India

Solution

The Financial Intelligence Unit-India (FIU-IND) functions under the Department of Revenue, Ministry of Finance. It is the central national agency responsible for receiving, processing, analysing and disseminating information relating to suspect financial transactions. The FIU-IND coordinates with national and international agencies in the fight against money laundering and terrorist financing. Its location within the Finance Ministry reflects the close connection between anti-money-laundering efforts and the broader financial regulatory framework.