CVC, Natgrid get access to black money info

The Central Vigilance Commission (CVC) and the National Intelligence Grid (Natgrid) have been given access to information on black money and money laundering related transactions from the Financial Intelligence Unit (FIU). 

Both the CVC and Natgrid are new entrants to the list of 18 other organisations, including RAW and IB, that are empowered to seek details from the FIU on dubious financial transactions, as per an official order.

FIU is tasked with collecting, analysing and disseminating information related to financial transactions suspected to be black money or proceeds of crime. The move is aimed at strengthening the country's efforts to check blackmoney, corruption and other financial crimes. The Central government decided to allow access to CVC and Natgrid to information available with FIU “in the public interest”, the order said.

Natgrid will collect crucial data from central security and intelligence agencies. The project is likely to be completed some time next year.