♦ The Reserve Bank of India (RBI) and Financial Intelligence Unit-India (FIU-IND) signed a Memorandum of Understanding (MoU) as part of continued coordinated efforts in effective implementation of requirements of the Prevention of Money Laundering Act and Rules framed under it.

♦ The MoU was signed by Director of FIU-IND Vivek Aggarwal and Executive Director, Department of Regulation of RBI R.L.K. Rao. According to the MoU, FIU-IND and RBI will cooperate with each other in the areas of mutual interest.

♦ It includes sharing of relevant intelligence and information, available in their respective database and upgradation of Anti-Money Laundering and Combating Financing of Terrorism skills in the regulated entities.