After confronting Pakistan with damning evidence that shows complicity of its state actors in printing of Fake Indian Currency Notes (FICN), India will make a strong demand for declaring printing of fake currency a terror crime.
With its evidence against Pakistan, New Delhi will to pitch its case strongly at the next meeting of Financial Action Task Force (FATF) in Rome in June end.
So far, FATF has refused to treat fake currency notes as part of terror network and considers it as an organised crime only.
However, India that became its 36th member to press for treating fake currency notes at par with terrorism as it is being used in a major way by Pakistan to sponsor terror outfits and also their Indian editions.
“We have enough evidential strings to show that the paper and printing that is being used to print FICN cannot be done without direct or indirect help from the sovereign and that a large part of the fake currency notes is being used to fund terror groups for subversive activities,” sources said.
“If FATF agrees, it will help isolating Pakistan further that in turn would pressure to delineate with such subversive acts,” a top level source said.
In addition to this, India is expecting to make headway in making FICN easily detectable with US assistance. This will part of the agenda of the forthcoming strategic dialogue with the US led by external affairs minister SM Krishna that will be attended by union home secretary R K Singh in mid June.
Under the homeland security dialogue, which is part of the larger strategic partnership, India is seeking US help to upgrade technology for microscopic filming of every type of FICN and then docketing and storing on the basis of typographical and other minute details to pin point the source.
“This will give us technological edge to chaff and easily discern FICNs and built such systems in our currency that are very difficult to duplicate,” the sources said.