This news article reports on the Indian government's efforts to combat financial crime through the use of Interpol's new "Silver Notice."
Interpol Silver Notice is a new type of notice is designed to help countries locate and seize illicit assets laundered across borders.
It will be more effective than traditional Mutual Legal Assistance Treaties (MLATs) in recovering illicit assets.
Addressing limitations of MLATs: MLATs can be slow and cumbersome, with requests often facing delays and lack of response.
Focus on combating financial crime: The Silver Notice is expected to be a valuable tool in the fight against financial crimes such as money laundering, corruption, and terrorism financing.
Significance:
Strengthening international cooperation in combating financial crime.
Improving asset recovery efforts- enhance India's ability to trace and recover illicit assets stashed abroad.
Technological advancements: The Silver Notice leverages technology to facilitate faster and more efficient information sharing
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