Interpol issues first Silver Notice, it enables tracing illicit wealth laundered across borders

Interpol issues first Silver Notice to locate laundered assets globally, with India participating in pilot project.

Adding a new tool to its armoury of colour-coded notices, the Interpol has issued its first Silver Notice to locate assets laundered across borders as part of a pilot project in which India is also a participant, the global body said Friday (January 10, 2025).

In its response to a PTI query on the notice, the Interpol said in a statement it has issued the first Silver Notice on the request of Italy which has sought information about the assets of a senior mafia member.

The Lyon-based international police cooperation organisation said the pilot project has participation from 52 members including India.

At present, the Interpol has eight types of colour-coded notices which allows a member country to seek specific kind of information worldwide. The Red Notice allows a country to request the detention of fugitive living in another country.

India has at least 10 fugitive economic offenders. There is no accurate estimation of the total amount of black money which has been transferred offshore.

"The Silver notice will help India to locate assets of criminals who have transferred their illicit wealth to tax havens and other countries thinking that it will never be traced or accounted for," an official in the know of the development in India said.

Under the project, 500 notices can be requested which will be equally divided among the participating countries, the Interpol said.