Paris [France], November 4 (ANI): The Financial Action Task Force ( FATF ) has published new guidance and best practices aimed at intensifying global efforts to recover criminal assets.

Figures released by Interpol and the UNODC suggest that only a very low percentage of criminal assets are confiscated. FATF 's assessments show that more than 80 per cent of jurisdictions are operating at low or moderate levels of effectiveness in asset recovery.

In response, the FATF has released a comprehensive Asset Recovery Guidance and Best Practices, recognising that depriving criminals of their gains is as important as prosecuting them. Removing the financial motivation for crime is seen as critical to disrupting and deterring criminal organisations, terrorists, and scammers around the worl

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