Financial Intelligence Unit-India

The Financial Intelligence Unit-India (FIU-IND) is an independent body set up by the Government of India to combat money laundering and terrorist financing activities. It plays a crucial role in the financial ecosystem, particularly with the rise of cryptocurrencies, by monitoring transactions, collecting and analyzing information related to suspicious transactions involving virtual currencies. The FIU-IND ensures compliance with the Prevention of Money Laundering Act (PMLA), protecting the integrity of the financial system in the face of rapid digital currency developments.