UN Crime Prevention Congress calls for action on recovering black money

By Arul Louis

A major UN meeting of law officials has called for a strong intertiol action to track down and recover black money hidden in safe havens.

The 13th United tions Congress on Crime Prevention and Crimil Justice, which ended on Sunday in Doha, Qatar, declared that effective steps should be taken to trace, recover and freeze “money and other assets that have not been accounted for and are found in safe havens” so they can be confiscated and transparently disposed of.

The confiscation, it said, can be carried out “in accordance with domestic law” and can also be “non-conviction-based.”

These were among the proposals adopted by the week-long congress in a document called The Doha Declaration.

The meeting was attended by UN Secretary General Ban Ki-Moon, union Law Minister DV Sadanda Gowda and the top legal and law enforcement officials from around the world.

The Declaration said strategies should be developed to combat “all illicit fincial flows” and urgent steps should be taken “to fight against economic and fincial crimes, including fraud, as well as tax and corporate crimes, especially in their relevant trans-tiol dimensions.”

It also called for strengthening intertiol cooperation and finding for tions “ways of affording one another similar cooperation in civil and administrative proceedings for confiscation purposes.”

The intertiol call for action comes as India grapples with the issue of black money kept abroad and the government facing criticism as the Bharatiya Jata Party (BJP) promised quick action to recover them during the last year’s election campaign.

Key problems the government has encountered are laws and procedures in the safe havens, which have traditiolly protected account-holder secrecy.

Gowda welcomed the actions proposed at the Congress on black money. Speaking during the proceedings, Gowda said: “I am happy to note that this Congress has endorsed the need for greater intertiol cooperation to effectively deal with critical issues such as uccounted black money stashed in safe havens, money laundering.”

The Doha Declaration also dealt with fighting terrorism, another issue of vital interest to India.

It said all tions should “ensure that any person who participates in the fincing, planning, preparation or perpetration of terrorist acts or in the supporting the terrorist acts is brought to justice.” (IANS)

(Arul Louis can be contacted at arul.l@ians.in)