<h1>RBI and UK's FSA Sign MoU to Boost Banking Supervision and Share Information Under Prevention of Money Laundering Act 2002.</h1> The Reserve Bank of India (RBI) signed a Memorandum of Understanding (MoU) with the UK's Financial Service Authority (FSA) on July 17, 2012. This agreement aims to enhance supervisory cooperation and facilitate the exchange of supervisory information between the two entities, focusing on banking supervision. The MoU includes provisions for sharing supervisory information, conducting on-site examinations, crisis management, and maintaining confidentiality. Information related to the Financial Action Task Force is shared with the Financial Intelligence Unit-India for action under the Prevention of Money Laundering Act, 2002, as stated by the Minister of State for Finance in the Rajya Sabha.