Interpol Silver Notice
All Interpol notices are designed to warn about specific threats and facilitate international cooperation among member states. The broad range of such notices positively impacts the ability to exchange crucial information between 196 countries. This enables member states to be informed about various crimes, specific individuals, and organised groups suspected of committing criminal offences. Although the most common notice is the red notice, it’s also important to explore other types of notices that Interpol might issue.
What is Silver Notice?
The Silver Notice was developed to monitor and swiftly recover assets directly linked to criminal activity. As part of its operations, Interpol established an Expert Working Group aimed at reviewing proposals for the exchange of financial information and the repatriation of criminal assets. Consequently, the group is expected to consider the revival of a new notice concept focused on more detailed disclosure of facts regarding money laundering using various financial schemes.
The idea of creating a Silver Notice first popped up back in 2015, when the 84th Interpol General Assembly was taking place in Kigali. In the process of adopting this Notice, the international organisation gains the ability to track:
- criminals funding terrorist acts;
- criminals using virtual currency (cryptocurrency) for fraudulent schemes.
The use of Bitcoins and other cryptocurrencies is directly linked to the ability to move and store illicit funds, allowing their presence to be hidden from law enforcement agencies.
The General Secretariat of Interpol, taking into account the benefits of the new notice and potential for disclosure of financial crimes was tasked with preparing a budget estimate for the development of a new map by 2016. However, the idea was never brought to life and remains in the planning stage to this day.
Despite that, Interpol continues to show a keen interest in crimes related to finances. Therefore, in 2022, the Interpol Financial Crimes and Corruption Centre (IFCACC) was launched. That same year, at the 90th Interpol General Assembly held in New Delhi, they managed to establish the previously planned Expert Working Group. Additionally, at the assembly, issues concerning money laundering and the tools required to stop this process were also discussed.
The Purpose of Interpol Silver Notice
The primary purpose of issuing such notice is to monitor the whereabouts and subsequent movements of individuals who:
- They’re involved in financing terrorism, both internationally and within specific countries.
- They use virtual currency to store and move money that’s been obtained illegally.
The first report on the work of the Expert Working Group was presented in 2023, during the 91st Congress of the General Assembly in Vienna.
Legal Consequences of a Silver Notice
An Interpol Silver Notice has all sorts of legal ramifications, depending on how complex the particular crime is.
The suspect could be facing a range of common punishments:
- fine;
- confiscation of illegally obtained funds.
- arrest;
- extradition.
Every legal consequence must correspond to the severity of the crime committed.
The Abuse of Silver Notices
A Silver Notice, just like Interpol’s Red Notice and other alerts, can be unfairly used against a specific suspect. Given that the Silver Notice is issued by Interpol, it’s subject to the same laws, articles, and regulations of the international organisation’s charter as all the other current notices.
In the process of misusing a Silver Notice, the suspect could face negative consequences that affect their life, business, assets, and freedom of movement. Therefore, it’s crucial to seek out the expertise of specialists – only Interpol’s solicitors will help achieve a fair resolution to the problem.
Looking for Legal Assistance With Silver Notice?
The solicitors at Interpol Law Firm specialise in providing expert assistance aimed at swiftly removing various Interpol notices, including removal of red notice, green, blue, and others. Should you require advice from our legal experts regarding a silver notice, we’re ready to offer our support immediately.
If you’ve got any unresolved financial matters, our solicitors can help to:
- develop legal strategies for each specific case.
- prepare for the upcoming court case.
- prepare for situations where a mundane commercial dispute, a civil case, is used with the aim of fabricating criminal proceedings.
Reach out to our team of experts for professional assistance to minimise the risk of silver alert abuse.