The Financial Action Task Force (FATF) has lauded India’s asset recovery framework and called the Enforcement Directorate (ED) as a model agency for its efficiency in tracking and confiscating criminal proceeds.In its newly published report, Asset Recovery Guidance and Best Practices, the watchdog appreciated India’s efforts to seize and restitute the proceeds of crime to the victims and implementing a law on confiscating properties of the fugitives.

The global watchdog for money laundering and terror financing cited the ED’s swift action in cases ranging from cryptocurrency-related frauds to cybercrimes, ponzi schemes, and dealing with fugitives.

India has developed one of the most effective mechanisms among member countries to identify, attach and repurpose assets derived from economic

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