Unique Economic Offender Code

About Unique Economic Offender Code:

• The code will be alpha-numeric and system-generated.
• It will be issued once the police or central investigative agency sends the data about an offender to the National Economic Offence Records (NEOR).
• It will be specific to each offender and will be linked with his/her Aadhaar number in the case of an individual or PAN in the case of a company.
• With this mechanism, multi-agency probes will be launched against individuals or companies swiftly, and authorities won't have to wait for chargesheets to be filed before starting a probe.
• Under NEOR, this codification will provide a 360-degree profile of the economic offender and their record.

What is National Economic Offence Records (NEOR)?

• NEOR is a central repository of all economic offences that will share data related to each economic offender with all central and state intelligence and enforcement agencies.
• The Central Economic Intelligence Bureau has been given the task of coordinating and completing the project with the NEOR project with the help of the National Informatics Centre.
• Once completed, all data from central and state agencies will be migrated to the national repository using the API (application programming interface) software, reducing any scope for manual interference. 

 

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Q1) What is National Economic Offence Records (NEOR)?

NEOR is a central repository of all economic offences that will share data related to each economic offender with all central and state intelligence and enforcement agencies.

Source: Soon, unique code for economic offenders