Recently, the Central Bureau of Investigation (CBI) successfully got India’s first ‘silver notice’ issued by Interpol, which will enable the CBI to trace proceeds of crime related to the French embassy visa ‘fraud’ case.
It is the latest addition to Interpol’s suite of colour-coded alerts, designed to help countries track and retrieve criminally obtained assets.
It allows participating nations to request information on assets linked to criminal activities such as fraud, corruption, drug trafficking, and environmental crimes.
It aimed at tracing assets laundered across international borders.
It is part of a pilot project involving 52 countries, including India, was launched following a request from Italy to locate the assets of a senior mafia member.
The project will run until at least November 2025, with 500 notices available for distribution among the participating countries.
How does it work?
Countries can use the Silver Notice to request information on various assets, including properties, vehicles, financial accounts, and businesses connected to criminal activities.
The notice facilitates the identification and location of these assets, enabling further legal action, such as seizure or confiscation, subject to national laws.
India is a participant in this pilot project and stands to benefit significantly.
Benefit to India: With numerous fugitive economic offenders and a substantial amount of unaccounted black money transferred offshore, the Silver Notice could be instrumental in tracing and recovering these assets.
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