Steps to combat terror financing in the country:
- Strengthening the provisions in the Unlawful Activities (Prevention) Act, 1967 by criminalizing the production or smuggling or circulation of high quality counterfeit Indian currency.
- A Terror Funding and Fake Currency (TFFC) Cell has been constituted in National Investigation Agency (NIA) to conduct focused investigation of terror funding and fake currency cases.
- FICN Coordination Group (FCORD) has been formed by the Ministry of Home Affairs to share intelligence/information among the security agencies of the states/centre to counter the problem of circulation of fake currency notes.
- A Memorandum of Understanding (MoU) has been signed between India and Bangladesh to prevent and counter smuggling and circulation of fake currency notes.
