Uttar Pradesh government to set up financial intelligence unit to probe economic offences

The Uttar Pradesh government has decided to set up a financial intelligence unit to probe cases of economic offences.

Besides, the criminal investigation department (CB-CID) and Anti-Corruption Organisation (ACO) of the Uttar Pradesh police will be developed as professional investigation agencies. The state agencies will work in coordination with CBI and other national investigation agencies.

These decisions were taken at chief minister Yogi Adityanath’s meeting with home department and state police officials to review the functioning of CB-CID, ACO and fire department.

In view of increasing cases of economic offences, it is necessary to constitute a financial intelligence unit in the state, Yogi Adityanath said. Special police officers should be appointed to the unit, he said.

He directed officials to prepare a detailed proposal for establishment of the financial intelligence unit and submit it to the Uttar Pradesh government as soon as possible.

With changing times, there is a need for a comprehensive improvement in the functioning of ACO, he said, adding that efforts should be made to make proceedings transparent and effective with maximum use of technology.