The global inter-governmental Financial Action Task Force (FATF) has released the ‘ Asset Recovery Guidance and Best Practices ’ guidelines, which provide a comprehensive and updated framework to strengthen the global system for asset recovery against financial crimes.

“The guidance follows up on one of the most significant global reforms to the FATF standards on confiscation and international cooperation in over three decades. It outlines practical measures for policymakers and practitioners to identify, trace, freeze, manage, confiscate, and return assets derived from criminal activity,” the Enforcement Directorate (ED) said on Wednesday (November 5, 2025).

Stating that India has played a prominent role in the development of both the revised FATF standards and the guidance document

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