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.
Answered
11 months ago