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New Delhi:
The Home Ministry has designated 44 senior officers from the central, state and Union Territory governments, aside from entities just like the Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI), to function nodal authority for seizure of funds and different monetary property held by anybody engaged in or supporting terrorism.
As per official memorandum of the counter terrorism and counter radicalisation unit of the ministry, the nodal officers have been designated for the implementation of part 51(A) of the Unlawful Activities (Prevention) Act (UAPA), 1967, below which powers of the central authorities are delegated to state, immigration and regulatory authorities to freeze, seize or connect funds or financial sources below anti-terror legal guidelines.
The nodal officers had been appointed from among the many regulatory authorities – RBI, Insurance Regulatory Development Authority of India (IRDA), SEBI and Financial Intelligence Unit (FIU) – who present an inventory of designated people and entities to banks, inventory exchanges and insurance coverage firms for blocking funds, monetary property of these designated below the anti-terror act.
“The 44 nodal officers who have been designated will help the law enforcement agencies to seize funds and other financial assets held by anyone engaged in terrorism or supporting such violent acts,” a senior dwelling ministry official instructed NDTV.
After the 2008 Mumbai assaults, the anti-terror legislation UAPA was amended to insert part 51(A) with a view to empower states and regulatory authorities to grab, freeze property of particular person and entities engaged in terrorism.
The Ministry of External Affairs supplies an inventory of people and entities, topic to UN sanction, which is additional shared by the Home Ministry with the states and the Union Territories, the official added.
Recently anti-terror probe company NIA has seized quite a lot of properties belonging to Kashmiri separatists leaders and people who had been discovered to have supported terror actions with illicit cash within the northeast that embrace an MLA. Similarly, completely different state police forces have additionally connected funds and properties of individuals supporting terrorism up to now.
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