MONEY
FATF lauds ED’s efforts in busting money laundering cases, recovering wealth
- IBJ Bureau
- Nov 06, 2025
The Financial Action Task Force (FATF) has praised the Enforcement Directorate (ED) for its diligent and efficient handling of money laundering cases and recovering assets from economic offenders.
The Paris-based global terror financing watchdog’s latest report, Asset Recovery Guidance and Best Practices, 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.
Citing examples of successful cases, the FATF has referred to several large-scale recoveries, where assets worth thousands of crores of rupees have been attached and returned to victims. These include corporate frauds, cooperative bank scams and investment schemes where the ED’s actions directly resulted in investors’ compensation and public welfare projects.
One example highlights the case of Agri Gold, where coordinated action between the ED and the Andhra Pradesh State Crime Investigation Department resulted in attachment and restoration of assets worth Rs 6,000 crore to victims of an investment fraud.
In the BitConnect Ponzi Scheme, the watchdog points out that investigators seized cryptocurrencies worth Rs 1,646 crore and attached other assets valued at Rs 489 crore, securing the digital holdings in a cold wallet to preserve value.
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