<h1>Ministry of Corporate Affairs Signs MoUs to Boost Fraud Detection with SFIO, NIELIT, and FIU-IND Collaboration.</h1> Three Memorandums of Understanding (MoUs) were signed by the Ministry of Corporate Affairs to enhance fraud detection capabilities. The agreements involve the Serious Fraud Investigation Office (SFIO), the National Institute of Electronics and Information Technology (NIELIT), and the Financial Intelligence Unit (FIU-IND). NIELIT will establish a forensic lab at SFIO with a budget of Rs. 3.80 Crore. The collaboration with FIU-IND aims to improve information exchange, leveraging FIU's expertise in monitoring suspicious banking transactions. These initiatives are intended to develop an Early Warning System for early detection of corporate fraud and malfeasance.