New Delhi, Nov 5 (UNI) The Financial Action Task Force (FATF) has released a new “Asset Recovery Guidance and Best Practices” to strengthen the global fight against financial crime. India’s Directorate of Enforcement (ED) played a prominent role in developing these standards.

The guidance expands asset recovery to cover the entire process from identifying criminal property to its return. It mandates non-conviction-based confiscation for the first time, allowing assets to be seized even without a criminal conviction.

The FATF document cites multiple ED case studies as global models. One highlighted case involved the restoration of Rs 60 billion (USD 690 million) to victims, noted as a benchmark for domestic cooperation and victim restitution. India’s Fugitive Economic Offenders Act, 2018

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