FIU-India signs MoUs with SEBI and PFRDA to fight money laundering
The Financial Intelligence Unit-India (FIU-IND) signed separate MoUs with the Securities and Exchange Board of India (SEBI) and the Pension Fund Regulatory and Development Authority (PFRDA) on 16 April 2026 for information sharing against money laundering and terror financing.
Summary
The Financial Intelligence Unit-India (FIU-IND) signed separate Memoranda of Understanding with the Securities and Exchange Board of India (SEBI) and the Pension Fund Regulatory and Development Authority (PFRDA) on 16 April 2026, the Finance Ministry said. FIU-IND Director Amit Mohan Govil signed both, with SEBI Whole Time Member Sandip Pradhan and PFRDA Whole Time Member Randip Singh Jagpal. The MoUs provide for intelligence sharing, outreach and training to strengthen anti-money laundering and countering the financing of terrorism (AML/CFT) capability among regulated entities, quarterly meetings, nodal officers, and joint assessment of money laundering and terror financing risks. They will also help exchange information with foreign FIUs under the Egmont Principles of Information Exchange.
Key facts
- Parties
- FIU-IND with SEBI; FIU-IND with PFRDA (separate MoUs)
- Date
- 16 April 2026
- Signed by
- Amit Mohan Govil (FIU-IND); Sandip Pradhan (SEBI); Randip Singh Jagpal (PFRDA)
- Aim
- AML/CFT information sharing, outreach and training
- Mechanism
- Quarterly meetings; nodal officers
- Foreign FIUs
- Egmont Principles of Information Exchange
Practice MCQs 2 questions
With which two regulators did FIU-India sign separate MoUs on 16 April 2026 to combat money laundering?
Show answer
Correct answer: B — SEBI and PFRDA
FIU-IND signed separate MoUs with SEBI and PFRDA.
The FIU-IND MoUs of April 2026 state that information exchange with foreign financial intelligence units will follow which principles?
Show answer
Correct answer: C — Egmont Principles of Information Exchange
The MoUs will assist exchange of information with foreign FIUs through the Egmont Principles of Information Exchange.