New Delhi, Mar 7: The Indian Government has decided to create a 'centralised database' to check terror funding by integrating intelligence.
A senior Home Ministry official said, "The government proposes to set up a centralised database by integrating the intelligence output relating to terror or terror funding of various agencies under the Union government."
According to Home Ministry sources, the proposed database would be created to detect illegal money movement within and outside the country.
There is no such consolidated data bank for collecting and disseminating intelligence which, at times, creates problem for the government to trace and later stop terror funding.
The data bank would be created by the Financial Intelligence Unit-India (FIU-IND) -- a central national agency responsible for receiving, processing, analysing and disseminating information relating to suspect financial transactions.