Who is the director of FIU-IND?
Current Director is Pankaj Kumar Mishra, IRS-IT (1989), appointed in May 2016 for a five year term.
Who is FIU?
A non-political, voluntary, international entity of operational Financial Intelligence Units (FIUs) committed to: Provide a forum for FIUs to improve cooperation in the effective exchange of information to combat ML and TF. Foster the implementation of domestic programs and promoting the development of effective FIUs.
What is the work of FIU?
The core function of an FIU is the receipt, analysis and transmitting of reports of suspicions identified and filed by the private sector. The FIUs therefore function as an intermediary between the private entities, subject to AML/CFT obligations, and law enforcement agencies.
Is FinCEN an FIU?
FinCEN serves as the FIU for the United States and is one of more than 100 FIUs making up the Egmont Group, an international entity focused on information sharing and cooperation among FIUs.
Who reports to FIU?
the Finance Minister
FIU-IND is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by the Finance Minister.
What is FATF and FIU?
The Financial Action Task Force on money laundering (FATF) is an intergovernmental organization set up in 1989 by the G7. FIU-the Netherlands participates in FATF meetings and also plays an active role in FATF evaluations.
What is FIU in banks?
Collection is normally done by a government agency, known as a financial intelligence organisation or Financial Intelligence Unit (FIU). The agency will collect raw transactional information and Suspicious activity reports (SAR) usually provided by banks and other entities as part of regulatory requirements.
Is FIU a law enforcement?
There are four models of FIUs: judicial, law enforcement, Administrative, and hybrid. The Hybrid Model serves as a disclosure intermediary and a link to both judicial and law enforcement authorities. It combines elements of at least two of the FIU models.
Why was FinCEN created?
FinCEN was created in 1990 to support federal, state, local, and international law enforcement by analyzing the information required under the Bank Secrecy Act (BSA), one of the nation’s most important tools in the fight against money laundering.
Where is FinCEN?
Financial Crimes Enforcement Network
|Annual budget||$114.222 million (2018)|
|Agency executive||Director, Ken Blanco|
|Parent agency||Office of Terrorism and Financial Intelligence|
What is NTR in FIU?
To prevent the money laundering Act, every reporting entity i.e. Financial Institution, NBFCs, banking companies and their intermediaries are required to furnish to FIU-IND reporting in the form of CTRs (Cash reporting transaction), STRs (Suspicious Transaction Reporting), Counterfeit Reporting Transactions and NTRs ( …
Who is the first Director General of Indian Defence Intelligence Agency?
This agency was established on 5 March 2002 with the appointment of Lt. General Kamal Davar as the first Director General (DG). The DG reports to the Chief of Defence Staffs (CDS). It is supposed to be the nodal agency for all defence-related intelligence, thus distinguishing it from the RAW.
What is the Financial Intelligence Unit – India?
Financial Intelligence Unit – India was set by the Government of India vide O.M. dated 18th November 2004 as the central national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions.
Which is the primary foreign intelligence agency of India?
Research and Analysis Wing ( RAW) is the primary foreign intelligence agency of India, that solely deals with collection data for the judicial courts. The Aviation Research Centre (ARC) is a part of the Research and Analysis Wing (R&AW) of the Cabinet Secretariat (Special Requirements) India.
Who is the new UIDAI DG Chandigarh?
He has been appointed in place of Ram Subhag Singh, who has been shifted from the post of NAFED MD as Deputy Director General, Unique Identification Authority of India (UIDAI) in Chandigarh.