June 4, 2013 9:11 AM

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FIU to sign MoUs with various agencies to track blackmoney

The Financial Intelligence Unit (FIU), which is tasked with looking into suspicious financial transactions, will sign MoUs with various agencies to ensure better exchange of information to check blackmoney and tax evasion.Official sources said the MoU will enable FIU and the concerned agency to exchange suspicious transaction reports relating to cases of crime, money laundering, tax and duty evasions.Last month FIU had signed an MoU with the CBI to facilitate better exchange of information and improve the anti-money laundering activities.

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