Overview
- The 340-page Asset Recovery Guidance compiles more than 85 case studies with practical techniques covering identification, freezing, management, confiscation and return of criminal assets.
- FATF encourages non‑conviction‑based and extended confiscation, unexplained wealth orders, early ex‑parte freezing powers, stronger interim asset management and quicker cross‑border cooperation through networks such as ARINs.
- India’s Enforcement Directorate is highlighted for effective practices under the PMLA and the Fugitive Economic Offenders Act, and Indian officers are credited with helping shape the revised standards and guidance.
- Cited ED cases include Agri Gold restitution of about ₹6,000 crore, BitConnect seizures of roughly ₹1,646 crore in crypto plus ₹489 crore in other assets, IREO corresponding‑value attachments of ₹1,777 crore, the Banmeet Singh matter with 268.22 BTC (about ₹130 crore) and $1.1 million attached, and Rose Valley repayments of ₹538 crore to more than 75,000 investors.
- FATF and partner agencies report very low worldwide confiscation rates and call for asset recovery to be a policy priority, noting examples of victim compensation and public‑benefit use of confiscated property, including land identified for a new airport.