India presented a 9-point agenda calling for strong and active cooperation to deal with fugitive economic offenders. Prime Minister Narendra Modi presented the agenda in the second session of the G20 summit on international trade, international financial and tax systems. The 9-point agenda includes:
1.Strong and active cooperation across G20 nations to deal with fugitive economic offenders.
2.Cooperation in the legal processes - enhancing effective freezing of proceeds of crime, early return of the offenders and efficient repatriation of the proceeds of crime.
3.Joint effort by G20 countries to form a mechanism that denies entry and safe havens to all fugitive economic offenders.
4.Effective implementation of Principle of United Nations Convention Against Corruption (UNCAC), United Nations Convention Against Transnational Organized Crime (UNOTC).
5.FATF (Financial Action Task Force) should prioritise establishing international cooperation for timely and comprehensive exchange of cooperation.
6.FATF should be asked to formulate a standard definiton of fugitive economic offenders.
7.FATF should develop commonly agreed and standardized procedures related to identification, extradition and judicial proceedings for dealing with fugitive economic offenders.
8.Setting up common platform for sharing experiences and best practices including successful cases of extradition, legal assistance etc.
9.G20 forum should consider initiating work on locating properties of economic offenders who have a tax debt in the country of their residence for its recovery.