New Delhi, Nov. 6 -- The Financial Action Task Force (FATF) on Wednesday released a report on "asset recovery" in criminal cases, lauding India's efforts to seize and restitute the proceeds of crime to the victims, besides implementing a law on confiscating properties of the fugitives. The global watchdog for money laundering and terror financing particularly cited the Enforcement Directorate's (ED) "swift" action in various cases, ranging from crypto-currency related frauds to cyber crimes and ponzi schemes and in different circumstances - domestic, international and while dealing with those fugitives who have fled the country. Citing the 340-page report on "Asset Recovery Guidance and Best Practices" of Paris headquartered FATF, ED said in a statement on Wednesday: "The report outlines practical measures for policy makers and practitioners to identify, trace, freeze, manage, confiscate and return assets derived from criminal activity. The guidance serves as a benchmark for countries to enhance their national frameworks and align with emerging best practices." A case cited in the report, seen by HT, pertains to an alleged fraud and diversion of public funds in a Maharashtra-based cooperative bank....