Current Affairs - Awards and Honours - Discussion

Satya Pal Kumar, a 2005-batch Indian Revenue Service (IRS) officer of the Income Tax cadre, has been appointed as the Director of the Financial Intelligence Unit (FIU)-India. The appointment was approved by the Appointments Committee of the Cabinet (ACC) as part of a major bureaucratic reshuffle involving around 20 senior officers. FIU-India, functioning under the Ministry of Finance, is responsible for collecting, analysing, and sharing intelligence on suspicious financial transactions. The agency plays a vital role in combating money laundering, terror financing, financial fraud, and other illicit financial activities while supporting domestic and international enforcement agencies in maintaining the integrity of India's financial system.