Terror financing monitoring unit moved from MoEF to MHA
The terror financing monitoring unit of the government, which was under the Finance Ministry, has now been brought under the control of the Union Home Ministry.
New Delhi: The terror financing monitoring
unit of the government, which was under the Finance Ministry,
has now been brought under the control of the Union Home
Official sources said the terror financing wing of the
Financial Intelligence Unit (FIU-IND) has been taken out from
the purview of the Finance Ministry.
They said three new posts have been created in the Home
Ministry to look after the new division.
The FIU-IND is the central agency responsible for
receiving, processing, analysing and disseminating information
relating to suspicious financial transactions to enforcement
agencies and foreign FIUs.
It has been keeping a close tab on all possible terror
Last year, a total of 4,409 suspicious transactions were
reported to the FIU-IND by banks (2,826), financial
institutions (841) and intermediaries (742).
Meanwhile, the border area development division under the
Department of Development of North Eastern Region has also
been brought under the purview of the Home Ministry.