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FIU-IND and NHB Sign MoU for Enhanced Coordination
The Business Guardian
|January 19, 2025
The Financial Intelligence Unit (FIU-IND) and the National Housing Bank (NHB) on Saturday 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 thereunder in New Delhi.
According to a Ministry of Finance release, the MoU was signed by Vivek Aggarwal, Director, FIU-IND and Sanjay Shukla, Managing Director, NHB.
As part of the agreement, each Party to the MoU will appoint a nodal officer and an alternate nodal officer to interact with the other party.
The MoU outlines a framework for cooperation on anti-money laundering and counter Financing of Terrorism (CFT) activities, with a focus on the housing finance sector in India.
Under the memorandum, each party will appoint a primary and an alternate nodal officer. These officers will serve as the main points of contact for facilitating communication and collaboration between the two entities.
This story is from the January 19, 2025 edition of The Business Guardian.
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