This research examines Ethiopia's collaboration with other governments in asset freezing and the seizure of criminal proceeds from both a normative and practical perspective. The research looks at the legal framework Ethiopia set up to fight illegal financial flows and money laundering, as well as the difficulties in putting asset recovery plans into action. It also investigates Ethiopia's efforts for bilateral and multilateral collaboration, such as agreements for mutual legal assistance and membership in global networks. The study concludes that although Ethiopia has made great strides in enacting pertinent laws and cooperating, issues with coordination, capacity building, and resource constraints still exist. The research makes suggestions on how to improve stakeholder coordination, institutional capacity, and international cooperation to fortify Ethiopia's asset freezing and confiscation procedures. Ethiopia can improve its ability to recover illicit assets, discourage financial crimes, and support international efforts to prevent money laundering and illegal financial activity by putting these ideas into practice.