India, Qatar FIUs discuss sharing of data to check money laundering

The Financial Intelligence Units (FIU) of India and Qatar met Tuesday to discuss methods of effective information exchange and possible areas of future collaboration between the two organisations in the areas of anti money laundering and countering the financing of terrorism (AML/CFT) between the two countries.

The nine member delegation from Qatar, which visited New Delhi, also discussed use of IT systems and tools, public and private partnerships, strategic analysis, and experience in the virtual digital assets segment, the finance ministry said in a statement on Tuesday.

During the visit, FIU-IND head Vivek Aggarwal and Sheikh Ahmed Al Thani touched upon various areas, including the IT systems used by respective jurisdiction, public and private partnership for alliance of reporting entities in India for AML/CFT and strategic analysis and FIU-IND's experience in area of virtual digital assets service providers (VDA-SPs).


The FIU-Qatar appreciated the IT system (FINNET 2.0) used by FIU-IND and mentioned that it is one of the most sophisticated systems used by any FIU, finance ministry said. - Our Bureau