What is the significance of a Silver Notice compared to MLATs for obtaining information on offshore illicit wealth
Silver Notice 'more effective' than MLATs for info on offshore illicit wealth: CBI director
- Silver Notices are issued by INTERPOL to alert member countries about individuals or entities involved in criminal activities, making it easier to track offshore illicit wealth.
- Silver Notices have a broader reach compared to Mutual Legal Assistance Treaties (MLATs) as they can be accessed by a larger network of law enforcement agencies within the INTERPOL community.
- Silver Notices help in accelerating the exchange of critical information related to offshore illicit wealth by providing immediate notification to relevant authorities across borders.
- The non-binding nature of Silver Notices enables countries to act swiftly on information without going through the formalities and delays often associated with MLAT requests.
- CBI director's statement suggests that Silver Notices are more effective tools in combating offshore illicit wealth due to their speed and wider dissemination among law enforcement agencies.
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3 months ago