India s NEOR network against money laundering to cost Rs 40 crore
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India s NEOR network against money laundering to cost Rs 40 crore
Pradeep Thakur / TNN / Mar 11, 2021, 20:07 IST
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(Representative image)
NEW DELHI: The National Economic Offence Records (NEOR), a unified database on economic offences, will cost the government Rs 40 crore.
A proposal has been submitted by the Central Economic Intelligence Bureau, the nodal agency under the finance ministry entrusted to manage the databank.
As reported by TOI, the government is preparing a new database, similar to the National Crime Records Bureau, to track all economic offenders and use data analytics to assist enforcement agencies to deal with such offences in a coordinated manner.