9911796707
TMI BlogRequisition of information under the Egmont ProtocolX X X X Extracts X X X X X X X X Extracts X X X X ..... t Framework of Information Exchange through FIU. In view of the same, this communication is being issued to provide a comprehensive reference point for making all future Egmont references. 3. About the Egmont Group and when to use it: The Egmont Group is an informal network of 'FIUs established with a view to have international cooperation including information exchange in the fight against money laundering and financing of terrorism. Requests under Egmont protocol can be made for gathering information especially in cases involving foreign jurisdictions with whom no DTAA/ TIEA/Multilateral agreement is in existence. Currently, FIUs of 159 countries are part of the Egmont Group. The FIUs of the Group exchange information in accordance wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t be specified too in the covering letter. It is also conveyed that if there is more, than one jurisdiction, then separate jurisdiction-wise Egmont request be made. 5.3 Requests may be sent in duplicate copies in the proforma. 6. Basic Ingredients of the Request: In order to ensure an early response by the foreign jurisdiction to the requests made under Egmont Protocol, it is essential that the following basic ingredients are fulfilled so that the request can be executed expeditiously without the need to seek any further clarification from the requesting State/ FIU-IND: (i) While sending the request, best efforts should be made to provide complete, factual and, as appropriate, legal information including the description of the case b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the information, CBDT is required to ensure that "dissemination is done on "need to know" basis and such information will not be transferred to a third party without prior consent of the party from whom information was received". Further, "information received form FIU-IND will not be used as evidence in any departmental or judicial proceedings and the identity of the entity from whom Information has been received or the name of the officer who has forwarded the information, shall not be disclosed, in any departmental or judicial proceedings". 7.1. In this regard, the undersigned is directed to reiterate that the source of information as FIU or foreign agency is not to be disclosed in any of the communications and all references to this ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
