Fatf: Issues Global Asset Recovery

FATF Issues Global Asset Recovery Guidance Recognising India’s Contribution through the Directorate of Enforcement. The Financial Action Task Force ( FATF ) has released its latest publication titled “Asset Recovery Guidance and Best Practices”, which provides a comprehensive and updated framework to strengthen the global system for asset recovery against financial crimes. The guidance follows up on one of the most significant global reforms to the FATF standards on confiscation and ... FATF is an intergovernmental organisation founded in 1989 to combat money laundering and terrorism financing. It sets standards and monitors implementation of legal, regulatory and operational measures for its 40 member countries. The FATF identifies jurisdictions with weak measures to combat money laundering and terrorist financing in two FATF public documents that are issued three times a year and that are frequently referred to as the "black and grey" lists. The Financial Action Task Force ( FATF ) leads global action to tackle money laundering, terrorist and proliferation financing.