Satya Pal Kumar Named New Director of FIU-IND
Why in the news
A new head was named for India’s financial intelligence agency, the body that tracks suspicious money flows.
Key facts
- Appointed by: Appointments Committee of the Cabinet (ACC).
- Appointee: Satya Pal Kumar, a 2005-batch IRS officer.
- Post: Director, Financial Intelligence Unit-India (FIU-IND).
- Tenure: five years.
- Predecessor: Pankaj Kumar Mishra.
- Remit: strengthening the framework against money laundering, terror financing and suspicious financial transactions.
Exam angle
- Appointing body: ACC.
- Agency: FIU-IND; service: Indian Revenue Service, 2005 batch.
- Term: five years.