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The Financial Action Task Force (FATF), the global watchdog overseeing efforts to curb money laundering and terror financing, has commended India’s asset recovery mechanism, describing it as one of the most effective among its member countries.

In its newly released report, “Asset Recovery Guidance and Best Practices", FATF highlighted the Enforcement Directorate (ED) as a model agency for its efficiency in tracing, attaching, and confiscating criminal proceeds. The report noted that India’s system represents a robust framework capable of recovering assets derived from economic and financial crimes.

What FATF report said?

FATF observed that India has built a well-coordinated and technology-driven mechanism for asset recovery, combining legal tools with operation

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