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NEWS: Interpol and FATF agree strategy to improve paltry 1pc of dirty money that is recovered globally

By AMLi Correspondents

INTERPOL and the Financial Action Task Force today (Tuesday) launched a new initiative to improve the paltry level of global asset seizures.

Both organisations acknowledged the current level of criminal assets seized worldwide is not acceptable. According to the UN less than 1pc of global illicit financial flows are ever recovered.

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