Customs Overseas Intelligence Network (COIN)

  • India has decided to post Customs intelligence officers in China in its effort to check black money, trade-based money laundering and other financial frauds.
  • Two posts of the Customs Overseas Intelligence Network (COIN) have been created in the Indian Embassy in Beijing and in the Consulate General of India at Guangzhou.

Reasons for creating COIN

  • Directorate of Revenue Intelligence (DRI), the lead agency to check Customs frauds and smuggling, has initiated this process to curtail incidents of trade-based money laundering and other financial frauds originating from China.
  • In the past, Customs authorities in India have detected a few cases of ....
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