GlobE Network

TAG: GS:2- INTERNATIONAL RELATIONS

CONTEXT: Recently India has been elected to the fifteen-member Steering Committee of the GloBE Network, which aims to combat international corruption and financial crime.

EXPLANATION:

• India has been elected to the fifteen-member steering committee of the Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network) during a plenary session in Beijing, as announced by the Central Bureau of Investigation (CBI) on September 26, 2024.
• This election follows a multi-stage voting process and underscores India’s commitment to addressing international corruption and financial crime.

Significance of India’s Election:

As a member of the steering committee, India will play a pivotal role in shaping the global agenda for anti-corruption and asset recovery efforts.

• The CBI highlighted that India’s expertise in combating corruption will be invaluable to the GlobE Network, which was launched under the G20 framework and officially inaugurated on June 3, 2021, during the UN General Assembly Special Session against Corruption (UNGASS).

GlobE Network:

• Launched in June 2021 under the G20 framework during a UN General Assembly Special Session against Corruption (UNGASS).
• The GlobE Network serves as a platform for international cooperation, enabling member countries to tackle cross-border corruption and financial crime effectively. Currently, the network includes 121 member countries and 219 member authorities. In India, the Ministry of Home Affairs (MHA) acts as the Central Authority, while the CBI and Enforcement Directorate (ED) represent the country as member authorities.
  • Aim: To facilitate international cooperation in combating cross-border corruption and financial crime, and to support asset recovery efforts.
  • Powers: The network enables global agencies to exchange criminal intelligence, best practices, and devise joint strategies to fight corruption.

Collaborative Efforts:

• The network facilitates the exchange of best practices, sharing of criminal intelligence, and development of strategies among global agencies to combat corruption.
• The steering committee, consisting of a chair, a vice-chair, and thirteen committee members, provides leadership and direction to the organization.

India’s Commitment to Global Cooperation:

• India’s election to the steering committee aligns with its ongoing efforts to promote global cooperation against financial crimes, particularly following its G20 presidency in 2023. During this presidency, India championed two key principles for combating corruption, reinforcing the importance of the GlobE Network in global anti-corruption initiatives.

Source:

https://www.thehindu.com/news/national/india-elected-to-globe-network-steering-committee-in-beijing/article68686063.ece/amp/