To which body does the Financial Intelligence Unit – India (FIU-IND) report directly?
Question and options
To which body does the Financial Intelligence Unit – India (FIU-IND) report directly?
The Economic Intelligence Council
The Directorate of Enforcement
The Central Board of Direct Taxes
The Directorate of Revenue Intelligence
Answer and explanation
Correct answer: A - The Economic Intelligence Council
FIU-IND describes itself as an independent body reporting directly to the Economic Intelligence Council, which is headed by the Finance Minister; for administration it is under the Department of Revenue. The Directorate of Enforcement is a separate agency that investigates money laundering and uses FIU-IND's intelligence.
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