Photo credit: Financial Services Commission.
Asia/Pacific Group on Money Laundering
AKA
Asia Pacific Group
Abbreviation
APG
Summary
With 41 member states, the Asia/Pacific Group on Money Laundering—a FATF-style Regional Body (FSRB)—aims to effectively implement and enforce internationally accepted standards against money laundering and the financing of terrorism, especially the FATF Recommendations. The APG was founded in 1997 in Bangkok, Thailand. It has a number of international and regional observers. The APG has five primary functions: to engage in mutual evaluations; to provide technical assistance and training; to undertake typologies research; to support global policy development; and to promote private sector engagement.
Members
The APG’s membership includes Afghanistan, Australia, Bangladesh, Kingdom of Bhutan, Brunei Darussalam, Cambodia, Canada, People's Republic of China, Cook Islands, Fiji, Hong Kong (China), India, Indonesia, Japan, Republic of Korea, Lao People's Democratic Republic, Macao (China), Malaysia, Maldives, Marshall Islands, Republic of Mongolia, Myanmar, Nauru, Nepal, New Zealand, Niue, Pakistan, Palau, Papua New Guinea, Philippines, Samoa, Singapore, Solomon Islands, Sri Lanka, Chinese Taipei, Thailand, Timor-Leste, Tonga, United States of America, Vanuatu, and Vietnam.
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