Current Affairs · International Organisations

Consider the following statements regarding the updated Asset Recovery Framework released by the Financial Action Task Force (FATF): I. The updated FATF guidelines aim to strengthen global standards for asset recovery and anti-money laundering measures. II. The framework now allows for non-conviction-based confiscation of assets, enabling recovery even without a completed criminal conviction. III. India did not participate in the development of the revised FATF standards and guidance document. IV. The new framework expands the definition of asset recovery to include the process from identification to confiscation of illegal assets. How many of the above statements are correct?