Home » Security Issues » Money Laundering » Measures taken National level to tackle Money Laundering » Institutional framework
- Enforcement directorate:
- Prevention of Money Laundering Act empowers certain officers of the Directorate of Enforcement to carry out investigations in cases involving offence of money laundering and also to attach the property involved in money laundering.
- Financial Intelligence Unit:
- It was established in India in 2004 as the central national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions.
- Financial Intelligence Unit-India (FIU-IND) is also responsible for coordinating and strengthening efforts of national and international intelligence, investigation and enforcement agencies in pursuing the global efforts against money laundering and related crimes.
- FIU-IND is an independent body reporting directly to the Economic Intelligence Council (EIC) headed by the Finance Minister.
