TaxTMI 
TaxTMI 
Financial Intelligence Unit (FIU-IND) and National Housing Bank (NHB) sign MoU for enhanced coordination and information exchange
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....inancial Intelligence Unit (FIU-IND) and National Housing Bank (NHB) sign MoU for enhanced coordination and information exchange <br>News and Press Release<br>Dated:- 18-1-2025<br><BR>The Financial Intelligence Unit (FIU-IND) and the National Housing Bank (NHB) have signed a Memorandum of Understanding (MoU) as part of continued coordinated efforts in effective implementation of requirements of th....
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....e Prevention of Money Laundering Act and Rules framed thereunder in New Delhi. The MoU was signed by Shri Vivek Aggarwal, Director, FIU-IND and Shri Sanjay Shukla, Managing Director, NHB. According to the MoU, FIU-IND and NHB will cooperate with each other in the areas of mutual interest including the following: * Each Party to the MoU will appoint a nodal officer and an alternate nodal offic....
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....er to interact with the other party. * Sharing of relevant intelligence and information, available in their respective databases, for the purpose outlined in this MoU. * Laying down procedure and manner in which the supervised entities / reporting entities report to FIU-IND under the PML Rules. * Conducting outreach and training for supervised entities /reporting entities. * Upgradation of....
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.... AML/CFT skills in the supervised entities / reporting entities. * Assessment of AML/CFT risks and vulnerabilities in Housing Finance Companies in India. * Identification of red flag indicators for Suspicious Transaction Reports in the Housing Finance Companies in India. * Supervising and monitoring the compliance of supervised entities / reporting entities with their obligations under PMLA,....
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.... PML Rules and the guidelines issued by the Reserve Bank of India/NHB. * Compliance with each other's obligations under the relevant international standards. * Conduct of quarterly meeting to discuss the above in addition to typologies/trends in AML/CFT crimes, cases where sanctions have been imposed etc.<BR> News - Press release - PIB....