NationalFriday, 17 April 2026·https://testbook.com/current-affairs/17-april-2026-daily-current-affairs
FIU-IND and PFRDA sign MoU to strengthen AML and CFT cooperation
On 16 April 2026, FIU-IND and PFRDA signed an MoU to improve information sharing, risk assessment and training against money laundering and terror financing.
Key highlights
Direct fact
On 16 April 2026, the Financial Intelligence Unit-India and the Pension Fund Regulatory and Development Authority signed an MoU under the Union Ministry of Finance to strengthen anti-money laundering and counter-terror financing cooperation.
Key specifics
- FIU-IND was established in 2004 and is headquartered in New Delhi.
- PFRDA was established in 2003 and got statutory status through the PFRDA Act, 2013.
- The MoU covers sharing of red-flag indicators for suspicious transactions and joint risk assessments.
- Training and outreach for regulated entities and reporting agencies are part of the agreement.
- The operational framework is linked to the Prevention of Money Laundering Act, 2002, which came into force on 1 July 2005.
Exam lens
Economy-governance question on AML/CFT, FIU-IND, PFRDA, PMLA 2002, 1 July 2005 — TNPSC may ask the year of FIU-IND formation, PFRDA Act 2013 and the ministry involved.