AGREEMENT
between the Federal financial monitoring service (the Russian Federation) and the Financial intelligence unit-India (the Republic of India) concerning cooperation in the sphere of counteracting legalization (laundering) of proceeds from crime

The Federal Financial Monitoring Service (the Russian Federation) and the Financial Intelligence Unit-India (the Republic of India), hereafter referred to as "Parties",

Guided by a spirit of cooperation and mutual interest in the sphere of counteracting legalization (laundering) of proceeds from crime and criminal activity related to it

Have agreed as follows:

Article 1

The Parties shall cooperate in particular in the exchange of information in conformity with the provisions of the present Agreement, acting within their competence and in compliance with legislation and international obligations of their States.

Article 2

The Parties shall cooperate in particular to assemble, develop and analyze information in their possession concerning financial transactions suspected of being related to legalization (laundering) of proceeds from crime and persons or companies involved in such transactions.

The Parties shall exchange information spontaneously or upon request. Any request for information shall be justified by a brief statement of the underlying facts.