India tasks FATF with standardizing fugitive economic offender definition
This document outlines a nine-point agenda suggested by India to the G-20 for comprehensive action against fugitive economic offenders and asset recovery. It proposes enhanced cooperation among G-20 countries to streamline legal processes, deny safe havens, and implement international conventions against corruption and organized crime.
G-20 countries, the Financial Action Task Force (FATF), competent authorities, Financial Intelligence Units (FIUs), and the United Nations (specifically regarding UNCAC and UNOTC conventions).
- Enhance and streamline cooperation in freezing proceeds of crime and repatriating assets.
- Form a mechanism to deny entry and safe havens to fugitive economic offenders.
- Fully implement principles of the United Nations Convention Against Corruption (UNCAC) and United Nations Convention Against Transnational Organized Crime (UNOTC).
- Task FATF to establish international cooperation for timely exchange of information between competent authorities and FIUs.
- Task FATF to formulate a standard definition of fugitive economic offenders.
- Task FATF to develop standardized procedures for identification, extradition, and judicial proceedings.
- Set up a common platform for sharing experiences and best practices on extradition and legal assistance.
- Initiate work on locating properties of economic offenders with tax debts for recovery.
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Agreement
30 November, 2018
Document details
| Official title | Nine Point Agenda Suggested By India to G-20 for Action Against Fugitive Economic Offences And Asset Recovery |
| Source body | Ministry of External Affairs — bilateral & trade documents |
| Reference number | 30669 |
| Status | closed (agreement) |
| Year | 2018 |
| Closing date | 30 November, 2018 |
| Documents | 1 |