Is India member of Asia Pacific Group on Money Laundering?
India became a member of the APG in March 1998 and a member of the FATF in June 2010.
Is APG under FATF?
The Asia/Pacific Group on Money Laundering (APG) is a FATF style regional inter-governmental (international) body, the members of which are committed to implement international standards against money laundering (AML), the financing of terrorism (CTF) and financing the proliferation of weapons of mass destruction.
What does APG do?
While individual APG member jurisdictions and observer organisations may provide technical assistance to other members, as an organisation, the APG primarily coordinates and supports assistance and training in AML/CFT to jurisdictions in the Asia-Pacific region.
What is APG FATF?
The purpose of the Asia/Pacific Group on Money Laundering (APG) is to ensure the adoption, implementation and enforcement of internationally accepted anti-money laundering and counter-terrorist financing standards as set out in the FATF Forty Recommendations and FATF Eight Special Recommendations.
Is Pakistan a member of Asia Pacific Group?
Pakistan is a member of the Asia/Pacific Group on Money Laundering (APG). For more information about the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) measures in Pakistan, please consult the APG website (www.apgml.org):
How many countries are apg?
Overview of APG Members In addition, 11 members of the APG are also members of the Financial Action Task Force, namely: Australia; Canada; India; People’s Republic of China; Hong Kong, China; Japan; Korea; Malaysia; New Zealand; Singapore; and the United States.
How many members are in APG?
41
Overview of APG Members From its original 13 founding member jurisdictions it now consists of 41 active members making it the largest FATF-style regional body (FSRB) in the world.
Is Nepal a member of APG?
Nepal is a member of the Asia/Pacific Group on Money Laundering (APG).
How many countries are in FATF GREY list?
A total of 23 countries are listed under the ‘Jurisdictions with strategic deficiencies’ category in the ‘Grey List’, while two countries are listed under the ‘Jurisdiction no longer subject to increased monitoring’. Only two countries have been listed under the ‘Black List’: Iran and North Korea.
How many members are there in Asia Pacific group?
41 member jurisdictions
APG History & Background The Asia/Pacific Group on Money Laundering is an inter-governmental organisation, consisting of 41 member jurisdictions.
What is the Asia Pacific Group on money laundering?
The Asia/Pacific Group on Money Laundering is an inter-governmental organisation, consisting of 41 member jurisdictions. The objective of the APG is to ensure that individual members effectively implement the international standards against money laundering, terrorist financing and proliferation financing related to weapons of mass destruction.
What is Asia Pacific governance (APG)?
APG was founded in 1997 in Bangkok, Thailand, and currently consists of 41 member jurisdictions in the Asia-Pacific region and a number of observer jurisdictions and international/regional observer organisations. APG has two Co-Chairs: one permanent and one two-year term rotating Co-Chair.
What is APG money laundering?
APG History & Background The Asia/Pacific Group on Money Laundering is an inter-governmental organisation, consisting of 41 member jurisdictions, focused on ensuring that its members effectively implement the international standards against money laundering, terrorist financing and proliferation financing related to weapons of mass destruction.
What is the APG doing in New Zealand?
Recent projects include examinations of terrorist financing through social media, and money laundering and terrorist financing through human trafficking and human smuggling. The APG also has a multi-year technical assistance programme for Pacific countries and jurisdictions funded solely by the government of New Zealand.
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