FIU-IND, PFRDA Sign MoU to Boost Fight Against Financial Crimes

In a major move to bolster India’s framework for combating money laundering and financial crimes, the Financial Intelligence Unit-India and the Pension Fund Regulatory and Development Authority (PFRDA) have entered into a comprehensive Memorandum of Understanding (MoU) to deepen collaboration and streamline information sharing.

Scope of Partnership

Under the MoU, both organisations will appoint dedicated nodal officers, along with alternates, to ensure continuous coordination and effective communication. The arrangement also facilitates the exchange of intelligence with international financial intelligence units in line with the Egmont Group principles for information sharing.

The partnership will focus on evaluating risks related to money laundering and terrorist financing across key financial sub-sectors, identifying and circulating red-flag indicators for suspicious transactions, and strengthening oversight of reporting entities. This includes ensuring compliance with the Prevention of Money Laundering Act, associated rules, and regulatory guidelines issued by PFRDA.

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About FIU-IND

The Financial Intelligence Unit-India serves as the country’s central agency for receiving, analysing, and disseminating information on suspicious financial activities, playing a pivotal role in coordinating national efforts against money laundering and terror financing.

About PFRDA

Established under the PFRDA Act, 2013, the Pension Fund Regulatory and Development Authority oversees and regulates India’s pension ecosystem. It supervises key schemes such as the National Pension System and Atal Pension Yojana, while ensuring robust governance of intermediaries like pension funds, recordkeeping agencies, trustees, and aggregators to safeguard subscriber interests and support the sector’s orderly growth.

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