BUENOS AIRES: India on Friday presented a nine-point schedule to G20 member international locations calling for strong and active cooperation among them to comprehensively handle fugitive economic offenders.
The schedule used to be presented by Prime Minister Narendra Modi in the second session of the G20 Summit on global business, global financial and tax programs.
"Cooperation in legal processes such as effective freezing of the proceeds of crime, early return of the offenders and efficient repatriation of the proceeds of crime should be enhanced and streamlined," the schedule learn.
India also called for joint efforts by G-20 international locations to shape a mechanism that denies access and secure havens to fugitive economic offenders.
"Principles of United Nations Convention Against Corruption (UNCAC), United Nations Convention Against Transnational Organized Crime (UNOTC), especially related to 'International Cooperation' should be fully and effectively implemented," it mentioned.
India urged the Financial Action Task Force (FATF) must be known as upon to assign priority and center of attention to setting up global cooperation that ends up in well timed and complete exchange of knowledge between the competent government and fiscal intelligence units.
"FATF should be tasked to formulate a standard definition of fugitive economic offenders. FATF should also develop a set of commonly agreed and standardized procedures related to identification, extradition and judicial proceedings for dealing with fugitive economic offenders to provide guidance and assistance to G-20 countries, subject to their domestic law," it mentioned.
India additionally advocated setting up of a commonplace platform for sharing stories and perfect practices together with a success cases of extradition, gaps in present programs of extradition and legal assistance, and so forth.
It mentioned the G-20 forum must imagine initiating paintings on locating homes of monetary offenders who've a tax debt in the country of their place of dwelling for its recovery.
The schedule used to be presented by Prime Minister Narendra Modi in the second session of the G20 Summit on global business, global financial and tax programs.
"Cooperation in legal processes such as effective freezing of the proceeds of crime, early return of the offenders and efficient repatriation of the proceeds of crime should be enhanced and streamlined," the schedule learn.
India also called for joint efforts by G-20 international locations to shape a mechanism that denies access and secure havens to fugitive economic offenders.
Striking on the root of monetary malpractices for a better long term. During the second session at G-20 Summit, whic… https://t.co/OviZiAgu9c
— Narendra Modi (@narendramodi) 1543623766000"Principles of United Nations Convention Against Corruption (UNCAC), United Nations Convention Against Transnational Organized Crime (UNOTC), especially related to 'International Cooperation' should be fully and effectively implemented," it mentioned.
India urged the Financial Action Task Force (FATF) must be known as upon to assign priority and center of attention to setting up global cooperation that ends up in well timed and complete exchange of knowledge between the competent government and fiscal intelligence units.
"FATF should be tasked to formulate a standard definition of fugitive economic offenders. FATF should also develop a set of commonly agreed and standardized procedures related to identification, extradition and judicial proceedings for dealing with fugitive economic offenders to provide guidance and assistance to G-20 countries, subject to their domestic law," it mentioned.
India additionally advocated setting up of a commonplace platform for sharing stories and perfect practices together with a success cases of extradition, gaps in present programs of extradition and legal assistance, and so forth.
It mentioned the G-20 forum must imagine initiating paintings on locating homes of monetary offenders who've a tax debt in the country of their place of dwelling for its recovery.
G20 summit: India presents 9-point agenda on fugitive economic offenders
![G20 summit: India presents 9-point agenda on fugitive economic offenders]()
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December 01, 2018
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