Phase IFoundation
Background
Overview
This concept is vital for understanding India's role in global governance, its efforts to combat financial crime and transnational corruption, and the importance of multilateral forums like BRICS in addressing shared challenges. It also touches upon internal security aspects related to fugitive economic offenders.
International cooperation is crucial in combating transnational corruption, which often involves the cross-border movement of illicit funds and fugitive offenders. Mechanisms like mutual legal assistance treaties, extradition agreements, and informal practitioner networks facilitate the tracing, freezing, and recovery of assets, and the apprehension of individuals involved in corruption.