Thought Leadership

One Year Later: FATF’s Focus on Asset Recovery

Author
Lo Furneaux
Marketing - Associate

This time last year, our co-founder and CEO Aidan Larkin had the privilege of moderating a panel at the second FATF-INTERPOL Roundtable Engagement (FIRE) in Lyon. Our discussion featured Jarod Koopman of IRS Criminal Investigation, Stefan Jerga of the Australian Federal Police and Toyin Salako of the Cayman Islands Government, where we explored the challenges and opportunities for asset recovery globally.

This pivotal event marked FATF’s renewed commitment to improving seized asset management on a global scale.

Aidan’s reflections from that day still resonate deeply: 

“So often an after-thought, witnessing seized asset management getting discussed on one of, if not the, most important global stage for our sector, fills me with pride and an enormous sense of optimism for the future ahead. The figures are staggering - literally, trillions being laundered globally.”
“We need to strip criminals of their illicit assets. It doesn’t matter the category. From virtual assets to vehicles, the asset class isn’t criminal, but if it’s being used to launder or invest proceeds of criminality, it must be recovered.”

Fast forward to today: while some key jurisdictions have made progress, FATF’s latest report shows that nearly 75% of jurisdictions still haven’t taken meaningful steps towards implementing the recommendations. Despite progress in select areas, the vast majority of jurisdictions still have significant ground to cover, highlighting the urgent need for continued action and reform.

Solutions for Every Step

At Asset Reality, we offer scalable solutions to streamline the seizure, management, and disposal of seized assets, both traditional and virtual. Whether it’s Bitcoin or Bentleys, our capabilities equip governments and law enforcement agencies worldwide with the tools they need to efficiently manage seized assets at every stage of the asset lifecycle.

From supporting countries with implementing standing operating procedures to practical support with people and products that facilitate efficient, effective asset seizure, management, and liquidation with audit and reporting built into everything we do.

In celebration of this anniversary, we’re excited to launch our seized asset management platform along with our first virtual asset seizure training certification - built by practitioners for practitioners.

Discover how our platform supports government and law enforcement agencies in seizing, managing, and realising the value of assets 👇
https://www.assetreality.com/product-features 

Training and Certifications

Gain confidence in seizing and managing virtual assets by registering your interest in our Virtual Asset Transfer Fundamentals Certification 👇

https://www.assetreality.com/course 

Specialist services

Receive support from our team of trainers, investigators, seizing agents, and asset managers on-hand to assist on complex cases.

Register your interest

If you'd like to explore how we can support your organisation’s seized asset needs, register your interest using the form below 👇

Want to learn more?

GET STARTED