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Compliance Officers Playbook

The Asset Recovery Challenge: Less Than 2% Recovered Globally!

10 Jan 2025

Description

This podcast episode examines the shortcomings of current anti-money laundering (AML) measures. It highlights the low global asset recovery rate (less than 2%), explores the reasons behind this, and discusses the FATF's shift towards prioritising asset recovery. The episode then debates whether focusing on asset recovery is more effective than stricter legislation, offering practical takeaways for compliance officers to improve their organisations' asset recovery capabilities and advocating for stronger national mechanisms. Finally, it encourages listeners to engage in a broader conversation about improving AML effectiveness.

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