Banking transactions of govt employees under scanner

The Central Vigilance Commission (CVC) has started examining “suspicious” banking transactions of government employees to check corruption. The first-of-its-kind initiative has been started under the aegis of Central Vigilance Commissioner KV Chowdary, who late last year got the anti-corruption watchdog included in the list of government agencies authorised to seek details from Financial Intelligence Unit (FIU) on dubious financial transactions. FIU is tasked with collecting, analysing and disseminating information related to financial transactions suspected to be involving blackmoney or proceeds of crime. “CVC has been notified as an agency to receive Suspicious Transaction Report (STR) related to public servants from FIU. This has happened and CVC is getting inputs,” said Chowdary on Monday. STR is a transaction of Rs 10 lakh and above believed to be proceeds of crimes including that from black money. Official sources said the probity watchdog is examining the inputs received from FIU. The main aim behind this exercise is to check the flow of proceeds through corrupt means.