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The Financial Action Task Force issued guidance Tuesday to help governments around the world implement the intergovernmental group's new, stronger standards for tracing, freezing and confiscating criminal assets. The Paris-based intergovernmental group, also known as FATF, launched its fifth round of mutual evaluations last year under a new methodology aimed at assessing more fully how well countries understand the illicit finance-related risks they are exposed to, and the extent to which their laws and regulations deliver real-world results against financial criminals. Tuesday's guidance will "aid countries in implementing the revised [asset-recovery] standards at a time when many countries are looking...