In News:

• India, represented by the Directorate of Enforcement (ED), has joined the Steering Committee of the Asset Recovery Interagency Network-Asia Pacific (ARIN-AP).
• Leadership Role: India will assume the presidency of ARIN-AP and host the Annual General Meeting (AGM) in 2026, providing a platform for global cooperation in asset recovery and tackling economic crimes.

ARIN-AP Overview:

• Establishment: ARIN-AP is a multi-agency network formed to address the proceeds of crime across the Asia-Pacific region.
• Network Goals: Its mission is to facilitate cross-border collaboration in the areas of asset tracing, freezing, and confiscation.
• Membership: ARIN-AP includes 28 member jurisdictions and 9 observers, and operates as a key component of the Global CARIN Network (Camden Asset Recovery Inter-Agency Network).
• Functioning: ARIN-AP operates through a network of contact points that enable intelligence exchange among member agencies, promoting effective communication and coordination for asset recovery.

Significance of ARIN-AP's Work:

• Combating Economic Crimes: ARIN-AP enhances the efforts of law enforcement agencies in tracing and recovering assets linked to criminal activities, including both movable and immovable assets.
• Informal Exchange of Intelligence: The network allows for the informal exchange of intelligence between agencies, which often accelerates the identification and recovery of proceeds of crime. This can later lead to formal actions through bilateral or multilateral agreements.
• Global Impact: With over 100 jurisdictions in the broader CARIN Network, ARIN-AP plays a key role in global efforts to combat fugitive economic offenders and illicit financial flows.

India’s Contribution and Alignment with G-20 Priorities:

• India’s Leadership: India’s presidency in ARIN-AP will enhance its leadership in asset recovery, facilitating closer cooperation with regional and international law enforcement agencies.
• G-20 Alignment: This role aligns with India’s priorities under the G-20 framework, particularly focusing on the Nine-Point Agenda aimed at tackling fugitive economic offenders and improving asset recovery mechanisms.