India Takes Charge: Steering ARIN-AP's Global Asset Recovery Mission

In 2026, India will lead the Asset Recovery Interagency Network-Asia Pacific (ARIN-AP), focusing on combating economic crimes and asset recovery. Represented by the Enforcement Directorate, India joins the network's steering committee, showing its commitment to global collaboration in asset tracing and recovery efforts.


Devdiscourse News Desk | New Delhi | Updated: 30-10-2024 19:12 IST | Created: 30-10-2024 19:12 IST
India Takes Charge: Steering ARIN-AP's Global Asset Recovery Mission
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India is set to assume the presidency of the Asset Recovery Interagency Network-Asia Pacific (ARIN-AP) in 2026, marking a significant step in its international efforts against economic crimes. The Enforcement Directorate (ED) announced India's inclusion in the network's steering committee, enhancing its influence in global asset recovery initiatives.

According to the ED, this development allows India to participate actively in ARIN-AP's decision-making processes, thus supporting its mission to trace, freeze, and confiscate proceeds of crime internationally. As part of the global CARIN network, ARIN-AP encompasses assets from 28 member jurisdictions and nine observers, streamlining cross-border coordination.

The platform has been pivotal for the ED, providing a channel to share intelligence informally, which accelerates formal asset recovery actions. This aligns with India's G20 priorities, particularly Prime Minister Narendra Modi's nine-point agenda on fugitive economic offenders and asset recovery, showcasing India's leadership in addressing international economic crime challenges.

(With inputs from agencies.)

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