Creation.
Section 1
SECTION 1. Creation.—There is hereby created the Finance Department Intelligence and Investigation Bureau, hereinafter referred to as the FDIIB, under the administrative and operation control and direction of the Secretary of Finance. The FDIIB shall be headed by a Commissioner, to be assisted by a Deputy Commissioner, both of whom shall be appointed by the President. The Commissioner, and in his absence or incapacity the Deputy Commissioner who shall act as Commissioner, shall have the following specific powers and functions: He shall be the principal adviser of the Secretary of Finance on intelligence matters; He shall be the technical adviser of the Director General of the NISA on finance intelligence; He shall exercise functional supervision over intelligence and investigation matters in the other bureau/agencies under the Department of Finance and shall make appropriate recommendations for the coordination and integration of such activities therein; He shall act as liaison/coordinating officer of the Secretary of Finance on matters relating to economic subversion, insofar as they involve other departments/agencies of the Government. He shall be responsible for counter-intelligence in the Department of Finance; and He shall exercise such other powers and perform such other functions as may be directed by competent authority.