How does the CBI director view the usefulness of Silver Notice compared to MLATs in the context of offshore illicit wealth
The CBI director has expressed that Silver Notice is considered more effective than MLATs for obtaining information on offshore illicit wealth.
- The CBI director views Silver Notice as more effective than Mutual Legal Assistance Treaties (MLATs) in obtaining information on offshore illicit wealth due to its ability to reach a broader international audience.
- Silver Notices are issued by INTERPOL and are circulated to all member countries, maximizing the chances of obtaining relevant information on illicit wealth stored offshore.
- MLATs, on the other hand, involve a more time-consuming and complex process of cooperation between specific countries, which may not always yield the desired results in cases of offshore illicit wealth.
- The wide reach and quick dissemination of Silver Notices make them a valuable tool for the CBI director in combating financial crimes involving offshore assets.
Answered
5 months ago