Daily Current Affairs : 27-September-2024

India has been elected to the steering committee of the Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network), an important international initiative aimed at tackling corruption and financial crime. This election marks a significant milestone in India’s ongoing commitment to fighting corruption and promoting global cooperation.

What is the GlobE Network?

The GlobE Network was launched in June 2021 as part of the G20 framework during a special session of the United Nations General Assembly (UNGASS) focused on corruption. Its primary goal is to enhance international collaboration in addressing corruption and related financial crimes. With 121 member countries and 219 authorities worldwide, the network aims to create a unified front against global corruption.

Key Features of the GlobE Network:

  • Members: Includes 121 countries and 219 law enforcement authorities.
  • Purpose: To improve cross-border cooperation in tackling corruption, money laundering, and other financial crimes.
  • Asset Recovery: Focuses on supporting efforts to recover illicitly gained assets.
  • Collaboration: Provides a platform for sharing criminal intelligence and best practices, enabling joint strategies among member nations.

India’s Role and Significance

India’s inclusion in the steering committee is a significant achievement. The committee plays a vital role in guiding the direction of the network and ensuring effective strategies are developed to combat corruption globally. By joining this committee, India will:

  • Contribute to global anti-corruption efforts: India can now directly influence policies and initiatives aimed at combating corruption worldwide.
  • Enhance its international standing: After its successful G20 presidency in 2023, India’s election to the GlobE steering committee strengthens its leadership role in global anti-corruption efforts.
  • Share expertise: India has gained valuable experience in tackling corruption, and its input will help shape strategies to address corruption in various countries.

Important Points:

  • India elected to the GlobE Network Steering Committee: India has been chosen to play a key role in the Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network).
  • GlobE Network Overview:
    • Launched in June 2021 under the G20 framework during a UN General Assembly Special Session on corruption (UNGASS).
    • Comprises 121 member countries and 219 law enforcement authorities worldwide.
    • Aims to enhance international cooperation in combating corruption, financial crime, and facilitating asset recovery.
  • Key Functions of the GlobE Network:
    • Enables the exchange of criminal intelligence and best practices.
    • Supports the development of joint strategies to combat cross-border corruption.
    • Facilitates cooperation among global agencies to tackle financial crimes effectively.
  • Significance of India’s Election:
    • Allows India to contribute actively to global anti-corruption efforts.
    • Strengthens India’s leadership role in international anti-corruption initiatives, especially after its G20 Presidency in 2023.
    • Provides India with a platform to share its expertise in addressing corruption and financial crimes.
  • Global Impact:
    • India’s involvement strengthens international efforts to build a transparent and fair global economy by collaborating with other nations to fight corruption.

Why In News

India has been elected to the fifteen-member steering committee of the Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network), an important international initiative dedicated to addressing corruption and financial crime. This election underscores India’s growing role in global anti-corruption efforts and reflects its commitment to promoting transparency and accountability on the world stage.

MCQs about Global Anti-Corruption Network

  1. When was the GlobE Network launched?
    A. June 2020
    B. June 2021
    C. December 2021
    D. March 2020
    Correct Answer: B. June 2021
    Explanation: The GlobE Network was launched in June 2021 under the G20 framework during a special session of the UN General Assembly on corruption (UNGASS).
  2. How many member countries are part of the GlobE Network?
    A. 100
    B. 150
    C. 121
    D. 200
    Correct Answer: C. 121
    Explanation: The GlobE Network currently includes 121 member countries and 219 law enforcement authorities working together to combat corruption and financial crime.
  3. What is one of the primary goals of the GlobE Network?
    A. To develop new financial systems
    B. To provide loans to developing countries
    C. To facilitate international cooperation in combating corruption
    D. To conduct international trade negotiations
    Correct Answer: C. To facilitate international cooperation in combating corruption
    Explanation: The GlobE Network’s main aim is to improve global cooperation in tackling corruption, financial crime, and supporting asset recovery.
  4. Why is India’s election to the steering committee of the GlobE Network significant?
    A. It marks India’s first involvement in anti-corruption efforts
    B. It enhances India’s leadership role in global anti-corruption initiatives
    C. India will be responsible for creating global economic policies
    D. India is the first country to join the network
    Correct Answer: B. It enhances India’s leadership role in global anti-corruption initiatives
    Explanation: India’s election to the steering committee allows the country to actively contribute to global anti-corruption efforts and strengthens its leadership position, particularly after its G20 Presidency in 2023.

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