The government prepared the document after the G20 anti-corruption ministerial meeting in Kolkata last month.
New Delhi:
India has suggested all G20 countries to proactively cooperate with fugitive economic offenders for comprehensive and effective prosecution and recovery of their assets. In the nine-point agenda proposed to the G20 countries, India has said that member states should create a mechanism under which all fugitive economic offenders are denied entry and safe haven.
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According to the document issued by the government to the G20 countries after the G20 anti-corruption ministerial meeting held in Kolkata on August 12, there should be strong and active cooperation among the countries of the group to comprehensively and effectively deal with fugitive economic offenders. .
It states that cooperation in legal processes such as effective prevention of proceeds of crime, early restitution of criminals and effective restitution of proceeds of crime should be enhanced and streamlined.
According to the document, the United Nations Convention against Corruption (UNCAC), the United Nations Convention against Transnational Organized Crime (UNOTC), especially the principles relating to international cooperation should be fully and effectively implemented.
India has suggested that the global watchdog ‘Financial Action Task Force’ (FATF) be convened to prioritize and focus on establishing international cooperation in matters of money laundering and financing of terrorism, which would enable effective and efficient monitoring of people and financial affairs. . There can be timely and extensive exchange of information between intelligence units.
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