NEOR : as envisaged

 NEOR : as envisaged

https://lnkd.in/dY9kafXR
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Here is a comparison made by ChatGPT :

Here is a tabulated comparison of the salient features of NEOR (extract from
"Coming soon: A jailbird-like code to identify economic offenders") and E-
Governance (extract from "Can e-Governance help eliminate corruption?"):

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Salient Features / NEOR (May 2023) / E-Governance (April 2014)
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Objective

Identify economic offenders through a unique alpha-numeric code

Eliminate corruption and streamline governance
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Target Entities

Companies and individuals involved in economic offenses

Central and state agencies fighting fraud, corruption, and economic crimes
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Coding System

Unique Economic Offender Code linked to PAN (for companies) and Aadhaar (for individuals)

N/A
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Database

National Economic Offences Records (NEOR) for storing information on economic offenders

Individual departmental databases for each agency
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Information Sharing

Enable simultaneous investigation and information sharing among all economic law enforcing agencies

Lack of a common/computerized database leads to duplication of efforts and fragmented profiles
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Accessible

Accessible to all Union and state-level investigative agencies

Limited accessibility and sharing of information between agencies
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Cost

Estimated cost of around Rs 40 crore

N/A
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Timeline

Expected to be ready in the next five months or so (May 2023)

N/A
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Focus

Efficient investigation and prosecution of economic offenses, including money laundering

Fighting fraud, corruption, and economic crimes
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International Cooperation

Expected visit by an intergovernmental team from the Paris-based Financial Action Task Force to review progress

N/A
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