India’s financial intelligence unit (FIU) has issued new guidelines for effective checking of suspicious transactions in capital markets, insurance companies, online payment gateways, and crypto currency service providers. These guidelines are part of the country’s anti-money laundering and counter-terrorism financing regime. Financial institutions and intermediaries are required to share suspicious transaction reports with the FIU, which analyzes and shares them with investigative and intelligence agencies.
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Union Minister Piyush Goyal denies allegations of the government targeting opposition leaders and stresses that those who have done wrong will face consequences. He reiterates that investigative agencies will perform their duties without granting any pardons. The Election Commission of India receives complaints from the INDIA bloc parties regarding the alleged misuse of central agencies by the ruling BJP. Goyal remarks that individuals who contribute to the party will be welcomed, reaffirms the aim of achieving 370 seats in the Lok Sabha elections, and mentions his own participation in the electoral process.
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Prime Minister Narendra Modi defends the action of central investigative agencies, stating that his government will not spare anyone who has looted the country. Emphasizing the independence of these agencies, Modi refers to the courts as the ultimate authority to judge their actions. The article also highlights the recent actions of the Enforcement Directorate against opposition leaders in various states.
