Section 72A of The Prevention of Money-Laundering Act, 2002 View Chapter 10

Inter-ministerial Co-ordination Committee


   1[72A.  Inter-ministerial Co-ordination Committee.--The Central Government may, by notification, constitute an Inter-ministerial Co-ordination Committee for inter-departmental and inter-agency co-ordination for the following purposes, namely:—

       (a)  operational co-operation between the Government, law enforcement agencies, the Financial Intelligence Unit, India and the regulators or supervisors;

       (b)  policy co-operation and co-ordination across all relevant or competent authorities;

       (c)  such consultation among the concerned authorities, the financial sector and other sectors, as are appropriate, and are related to anti money-laundering or countering the financing of terrorism laws, regulations and guidelines;

       (d)  development and implementing policies on anti money-laundering or countering the financing of terrorism; and

       (e)  any other matter as the Central Government may, by notification, specify in this behalf.]

1Ins. by Act 23 of 2019, s. 201 (w.e.f. 1-8-2019).