Current Affairs - Awards and Honours - Discussion

Satya Pal Kumar, a 2005-batch Indian Revenue Service (IRS) officer from the Income Tax Department, was appointed as the Director of the Financial Intelligence Unit (FIU) on July 30, 2026. The FIU functions under the Union Finance Ministry and is responsible for receiving, processing, analyzing, and disseminating information related to suspicious financial transactions to combat money laundering and financial crimes. Established in 2004 and headquartered in New Delhi, the FIU reports to the Economic Intelligence Council (EIC), which is chaired by the Union Finance Minister.