Banks are required to ensure expeditious & effective implementation of the procedure of UAPA for freezing/unfreezing of financial assets. Financial Intelligence Unit (FIU) FIU-India has been set up pursuant to PMLA. This is a central agency to collect, collate and analyze financial information. It also disseminates information to concerned investigating authorities, if need be.
These stakeholders agreed to commit to an end-goal of helping our people to improve their lives and those of their families by providing easier access to financial services along with the necessary knowledge and skills to best utilize them. At the time we made a joint commitment to reach 150,000 unbanked or underserved Fijians by the year 2014.