New Delhi, Nov. 5 -- India's pursuit of financial crime has earned global recognition, with the Financial Action Task Force (FATF) citing several cases as models of effective asset recovery in its new global guidance.

The Paris-based watchdog's latest report, Asset Recovery Guidance and Best Practices, released on Wednesday, showcases India's success in tracing, freezing, and returning illicit wealth, from massive investment frauds to cryptocurrency-linked scams, under the Prevention of Money Laundering Act and the Fugitive Economic Offenders Act.

The FATF is an intergovernmental body that sets global standards and formulates policies to combat money laundering, terrorist financing, and the funding of weapons of mass destruction.

India...