Saturday, 20 July 2024
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FishingIndia

In the illegal cross-border trade, use technology to catch big fish

  • The world‘s customs authorities should use technology to catch the big fish in illicit cross-border trade.
  • all governments needed to understand how to prevent illicit activities like smuggling and dispel them.
  • She also urged agencies to be committed to taking down these networks and assuring people.

The world’s customs authorities should use technology to catch the big fish in illicit cross-border trade, according to Finance Minister Nirmala Sitharaman, and they should exchange information with one another to bring large smuggling networks to justice.

In light of the technology and highly skilled labor that these networks employ, the minister informed attendees at a worldwide conference on cooperation in enforcement matters in Delhi that, to break these networks, all agencies must work together.

Cross-border trade

In attendance were high-ranking representatives from the anti-smuggling Directorate of Revenue Intelligence, the Central Board of Indirect Taxes and Customs, and the Central Board of Direct Taxes (CBDT) in India.

The minister stated that all governments needed to understand how to prevent illicit activities like smuggling and dispel the myth that minors can be killed while the criminals remain at large.

While technology can serve as a deterrent to illicit activity, it should be used in conjunction with actionable intelligence and information sharing. Over the previous 50–60 years, the nature of smuggling has remained constant, primarily involving the transportation of precious metals, drugs, and reserves derived from forests or marine life.

To identify the masterminds behind illegal activities, intergovernmental cooperation with the World Customs Organization is crucial, as highlighted by State Minister for Home Affairs Sitharaman. The trend of illegal trade is still present.

She called on authorities to work tirelessly to take down these networks and assure people that they would face consequences for their actions. She also urged agencies to be committed to taking down these networks and assuring people that they will face consequences for their actions.

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