Sebi and FIU-India Unite to Combat Securities Market Fraud
Sebi and the Financial Intelligence Unit-India have signed an agreement to combat money laundering and fraud in the securities market. The MoU, effective from April 15, 2026, will facilitate cooperation and data sharing to enhance surveillance. It aligns with the Egmont principles and the Prevention of Money Laundering Act.
- Country:
- India
In a significant move to enhance market integrity, Sebi announced on Thursday that it has joined forces with the Financial Intelligence Unit-India through a new agreement. This MoU aims to curb money laundering and fraud within the securities market.
The Memorandum of Understanding, signed on April 15, 2026, facilitates mutual cooperation, aligning with the Egmont principles for exchanging information. It marks a concerted effort to implement the Prevention of Money Laundering Act provisions effectively.
Under this pact, Sebi and FIU-India will engage in regular data sharing to bolster surveillance and deter fraudulent activities. Key figures from both organizations, including Amit Mohan Govil and Sandip Pradhan, were present at the signing.
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