New Delhi, Nov 5: The Financial Action Task Force (FATF), the global watchdog on terror financing and money laundering, has commended India’s asset recovery framework and described the Enforcement Directorate (ED) as a model agency for other nations to emulate.

In its newly released report, “Asset Recovery Guidance and Best Practices,” the FATF recognised India among jurisdictions that have developed robust legal and operational mechanisms for confiscation and management of assets linked to crime and money laundering.

The report highlighted India’s proactive use of both conviction-based and non-conviction-based confiscation provisions, crediting the ED for its coordination with foreign counterparts under mutual legal assistance treaties. The FATF observed that the ED’s asset recovery str

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