India Joins ARIN-AP for Asset Recovery Leadership

November 4, 2024

Directorate of Enforcement (ED) was included in the Steering Committee of the Asset Recovery Interagency Network-Asia Pacific (ARIN-AP). This network is vital for addressing crime proceeds in the Asia-Pacific region. It is also part of the Global CARIN Network. This inclusion marks an important step for India in the fight against economic crimes.

Role of ARIN-AP

ARIN-AP is a collaborative platform. It was established to enhance cross-border cooperation in asset tracing, freezing, and confiscation. The network comprises 28 member jurisdictions and nine observers. It operates informally yet effectively, allowing member agencies to communicate and share intelligence.

India’s Contribution

As a member of ARIN-AP will now have a say in decision-making and administration. This role will help India combat economic crimes more effectively. The ED stated that this involvement will support global asset recovery efforts.

Future Leadership

India will assume the presidency of ARIN-AP in 2026. It will host the Annual General Meeting (AGM) that year. This opportunity allows India to showcase its leadership in asset recovery. It also strengthens ties with regional and international partners.

Network Functionality

ARIN-AP functions through a network of contact points. These points facilitate effective communication among member agencies. The ED represents India as the nodal agency within this network. This structure aids in the quick exchange of information regarding criminal activities.

Benefits of Membership

ARIN-AP benefits law enforcement agencies. The network helps trace assets linked to criminal activities, including movable and immovable assets across borders. The informal exchange of information speeds up the identification and recovery process.

Information Exchange

Through ARIN-AP, agencies can share details on individuals, assets, and companies. This informal exchange often leads to faster actions. It can expedite formal proceedings through bilateral or multilateral agreements.

Alignment with Global Priorities

India’s role in ARIN-AP aligns with its G-20 priorities. This includes a focus on the Nine Point Agenda aimed at tackling fugitive economic offenders. Asset recovery is a key component of this agenda.

India’s involvement in ARIN-AP represents an important advancement in its efforts against economic crimes. The collaboration will enhance India’s capabilities in asset recovery and strengthen international cooperation in this critical area.

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