Press Information Bureau

Government of India

Ministry of Finance

05-April-2011 18:36 IST

Committee to Review the Role, Functioning and Structure of CEIB Constituted

The President of India has sanctioned the constitution of a Committee with the following composition to review the role, functioning and structure of the Central Economic Intelligence Bureau (CEIB) in the changed economic scenario:

i. Shri S. S. Khan Retired Member, Central Board of Direct Taxes (CBDT)

ii. Ms Vijay Lakshmi Sharma Member, Central Board of Excise and Customs (CBEC)

iii. Dr. Kewal Ram, Senior Economic Advisor Department. of Consumer Affairs

iv. Deputy Director General (CEIB) Member (Secretary) to the Committee

The Secretariat services to the Committee will be provided by Central Economic Intelligence Bureau (CEIB) which is a nodal point in the Ministry of Finance for collection and dissemination of information to the various Intelligence Organizations.

The Committee will have the following terms of reference: –

a. To study the existing structure of CEIB and make recommendations on measures –

(i) To streamline and strengthen the existing financial intelligence gathering and its dissemination.

(ii) For effective coordination amongst the intelligence Organizations in the Ministry of Finance and with Intelligence Organizations of the Government of India.

b. To identify relevant commercial databases for business intelligence analysis by CEIB

c. To suggest structural linkages between CEIB and FIU-IND

d. To prepare a roadmap for CEIB to work in line with the best global practices.

e. Any other related issues.

The Committee will furnish its Report to the Government of India within two months of its constitution.

DSM/BY/GN

Financial intelligence coordination: committee to review CEIB structure, data linkages and global best-practice alignment and governance. A government committee was formed to review the Central Economic Intelligence Bureau (CEIB), its structure and operations. The committee will evaluate and recommend measures to streamline and strengthen financial intelligence gathering and dissemination, improve coordination among finance and national intelligence organizations, identify commercial databases for business intelligence, suggest linkages between CEIB and FIU IND, and prepare a roadmap to align CEIB with global best practices.