New Delhi, Nov. 5 -- The Financial Action Task Force (FATF) has released a new "Asset Recovery Guidance and Best Practices" to strengthen the global fight against financial crime. India's Directorate of Enforcement (ED) played a prominent role in developing these standards.
The guidance expands asset recovery to cover the entire process from identifying criminal property to its return. It mandates non-conviction-based confiscation for the first time, allowing assets to be seized even without a criminal conviction.
Published by HT Digital Content Services with permission from United News of India....