India, Nov. 6 -- The Enforcement Directorate (ED) has come in for praise by the global terror financing watchdog Financial Action Task Force (FATF) for its diligent and efficient handling of money laundering cases and recovering assets from economic offenders.
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 340-page report is titled 'Asset Recovery Guidance Best Practices.'
Citing examples of successful cases, FATF referred to several large-scale recov...