<h1>MCA and FIU-India Sign MoU for Data Exchange to Boost Enforcement with AI and Machine Learning.</h1> The Ministry of Corporate Affairs (MCA) and the Financial Intelligence Unit-India (FIU-India) have signed a Memorandum of Understanding (MoU) to facilitate data exchange between the two entities. This agreement aims to enhance enforcement capabilities by leveraging advanced technologies like AI and machine learning. The MoU supports the development of MCA21 Version 3 and FINnet 2.0, which are designed to improve regulatory functions. It allows for regular and automatic sharing of data, including suspicious transactions and KYC details, and enables requests for additional information for scrutiny and investigation. A steering group will oversee the initiative's progress.