New Delhi, April 16 -- India's fight against money laundering and financial crimes has received a significant boost as the Financial Intelligence Unit-India (FIU-IND) and the Pension Fund Regulatory and Development Authority (PFRDA) signed a comprehensive Memorandum of Understanding (MoU) to strengthen information sharing and coordination.

The MoU aims to enable both agencies to undertake outreach and training programmes for regulated/reporting entities, with a focus on upgrading Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) capabilities among entities regulated by the PFRDA, the Finance Ministry said.

In addition, both parties shall ensure alignment with applicable international standards and hold quarterly meeti...