Asset recovery should be a key pillar of every country’s approach to tackling money laundering and terrorist financing according to a statement issued at the end of the latest plenary of the Financial Action Task Force (FATF) which ended on Friday.

The plenary also saw the removal four countries from its list of jurisdictions under increased monitoring, otherwise known as the FATF grey list.

The FATF welcomed Indonesia as its newest member while Russia’s membership of the global financial watchdog remains suspended.

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