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On November 4, 2025, the Financial Action Task Force (FATF) published comprehensive guidance and best practices to strengthen global efforts to recover criminal assets. The guidance addresses a significant gap in asset recovery effectiveness, with FATF assessments indicating that more than 80 percent of jurisdictions operate at low or moderate levels of effectiveness in this area. Data from Interpol and the United Nations Office on Drugs and Crime (UNODC) demonstrate that a very low percentage of criminal assets are confiscated globally. The Asset Recovery Guidance and Best Practices document comprises eight chapters targeted at different audiences, including policymakers, law enforcement, prosecutorial and judicial authorities, justice and foreign affairs ministries, and asset managers. The guidance covers key topics including modern financial investigations, swift asset securing, safeguarding rights, and victim compensation. It includes more than 85 real-world case examples and recovery techniques contributed by experts across the FATF Global Network, illustrating practical applications across all phases of investigative and legal processes. Notable examples include a United States case where blockchain analysis helped trace over USD 400 million in illicit transactions admitted as reliable court evidence, and a Swiss case involving the confiscation of over CHF 313 million with creation of a multi-stakeholder fund benefiting populations impacted by large-scale corruption. The guidance supports implementation of major revisions to the FATF Recommendations adopted in 2023, which strengthened the toolkit available to recover illicit proceeds. The FATF requires jurisdictions to make asset recovery a policy and operational priority and calls on them to use the new guidance to safeguard global financial system integrity and improve outcomes for victims and communities. A Chinese translation of the guidance has been provided by the Anti-Money Laundering Bureau of the People's Bank of China. REFERENCES: Financial Action Task Force (2025). Asset Recovery Guidance and Best Practices. Available at: https://www.fatf-gafi.org/