Context:
Interpol issued its first-ever ‘Silver Notice’, an innovative measure aimed at tracking down laundered assets across international borders. This pilot project involves 52 countries, including India, which has around a dozen fugitive economic offenders and a substantial amount of black money transferred offshore.
Black money is income that is earned illegally or without paying the required taxes. It is typically kept in cash and is not reported to the government.
What is Interpol ‘Silver Notice’?
- Interpol has issued the first ‘Silver Notice’, one of the efforts to track across international borders money laundered money.
- Features
- It is a new feature in the INTERPOL suite of color-coded Notices. Usefully, it facilitates the identification of criminal assets and retrieves them.
- It aids in requesting information regarding assets and properties associated with criminal activities such as fraud, corruption, drug trafficking, etc.
- INTERPOL Notices
- INTERPOL Notices are international requests for cooperation or alerts allowing police in member countries to share critical crime-related information.
- There are eight types of Notices, each associated with a specific color and purpose.
- India’s Status
- The silver notice initiative brings together 52 countries, amongst which is India, with so much black money transferred offshore
International Criminal Police Organization (INTERPOL)
Founded in 1923 as International Criminal Police Commission (ICPC), INTERPOL is the only organization with the mandate and technical infrastructure to share police information globally.
- India
- India joined Interpol in 1949, and CBI was designated as the National Central Bureau of India for ICPO-INTERPOL.
