Govt to create centralised database to check terror funding | india | Hindustan Times
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Govt to create centralised database to check terror funding

india Updated: Mar 07, 2010 10:52 IST
PTI
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The government has decided to set up a 'centralised database' to check terror funding by integrating intelligence from different central security agencies.

Sources in the Union Home Ministry said the proposed database would act as a "ready reckoner" for different
security and law and order enforcement agencies to check illegal routing of money through various financial channels
meant to further organised crime and support anti-national activities.

They said the databank would be created to detect illegal money movement within and outside the country and among
particular groups or institutions by means of banks or other intermediaries.

There is no such consolidated data bank for collecting and disseminating intelligence which, at times, creates
problem for the government to trace and later stop terror funding.

The data bank would be created by the Financial Intelligence Unit-India (FIU-IND) -- a central national agency
responsible for receiving, processing, analysing and disseminating information relating to suspect financial transactions.

A senior Home Ministry official said, "The government proposes to set up a centralised database by integrating the
intelligence output relating to terror or terror funding of various agencies under the Union government."

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