Indian Vice President Venkaiah Naidu called for international cooperation to deny shelter to economic offenders while addressing the plenary session of the 12th Asia-Europe Meeting (ASEM) Summit held in Brussels.
In the summit, whose theme was “Global Partners for Global Challenges”, Naidu expressed that India considered economic offences, tax crimes and criminal misappropriation of public assets as a significant threat to the integrity of financial systems.
“We need to considerably strengthen international cooperation within G20 and other fora, to deny shelter to economic offenders. There is also an urgent need for enhancing mechanisms for Automatic Exchange of Information (AEOI) with committed timelines. ASEM can and should play an important role in this regard,” he added. Read More