Silver Notice

13.01.2025

Silver Notice

Why in the news?      

           Recently, the International Criminal Police Organisation, or Interpol, has introduced its first ‘Silver Notice’.

About Silver Notice:

• It is the latest addition to Interpol’s suite of colour-coded alerts, designed to help countries track and retrieve criminally obtained assets.
• This notice 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.
• This initiative, 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’s role in this

• India is a participant in this pilot project and stands to benefit significantly.
• 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.

                                                                  Source: Business Standard

With reference to Silver Notice, consider the following:

1. It is the latest addition to Interpol’s suite of colour-coded alerts.

2. It allows participating nations to request information on assets linked to criminal activities such as fraud and corruption.

3. India is not a part of this new initiative of Interpol.

How many of the above statements are correct?

A.Only one

B.Only two

C.All three

D.None

Answer B