India posts new intelligence officers in London, Hong Kong, Dubai and Brussels to curb TBML

India is posting new customs intelligence officers in London, Hong Kong, Dubai and Brussels in its efforts to curb trade-based money laundering (TBML) and black market currency trading according to official sources.

The new posts will be created within India’s Customs Overseas Intelligence Network (COIN).

New postings

The officers will serve as consuls at the Consulate General of India in Dubai and Hong Kong and as first secretaries at the Indian High Commissions in London and Brussels, the officials said.

The Directorate of Revenue Intelligence (DRI), India’s lead agency in the country’s efforts to curb customs fraud and smuggling, is the key sponsor of COIN.

Other agencies involved in the network include the Directorate General of Goods and Services Tax Intelligence, National Academy of Customs, Excise and Narcotics and the Directorate General of Human Resource Development.

Beijing and Guangzhou

Earlier this year, two intelligence officers focused on TBML were posted to China, one at the Indian Embassy in Beijing and another at the Consulate General of India at Guangzhou (Trade Based Financial Crime, 20 March 2019).

COIN officers have also been posted in Nepal, Singapore and the US.

TBML mandate

Once in post, the intelligence officers are expected to curtail incidents of customs fraud involving the jurisdiction where they serve and India.

COIN officers are mandated to pass on intelligence or information gathered from their respective stations overseas to help the DRI, and on some occasions other Indian intelligence agencies, to investigate suspected financial crimes.



Categories: Trade Based Financial crimes News

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