NEW DELHI: Indian Finance Ministry has formed a panel to intensify its efforts to check black-money and decided to post more customs intelligence officers abroad for checking trade-based money laundering and other commercial frauds.
The Finance Ministry has formed a panel of eligible candidates drawn from Indian Revenue Service (Customs and Central Excise). The ministry will be conducting an interview this month to shortlist officers from them, official sources said.
The selected persons will be posted in Customs Overseas Intelligence Network (COIN) units and help in checking black-money, especially through fraudulent trade transactions, they said.
