APG (Asia Pacific Group on Money Laundering)

Asia / Pacific Group ON MONEY LAUNDERING

The Asia/Pacific Group on Money Laundering is an inter-governmental organization, 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. It was founded in 1997 in Bangkok, Thailand by 13 original founding members.


The APG is part of a global network of similar bodies, referred to as Financial Action Task Force-Style Regional Bodies (FSRBs) and is the largest in terms of membership numbers and geographical size. The APG also has a large number of observers (both jurisdictions and supporting organisations) that participate in its programmes and activities. Some of the key international organisations that support the APG include the Financial Action Task Force, International Monetary Fund, World Bank, OECD, United Nations Office on Drugs and Crime, the UN's Counter Terrorism Executive Directorate, Asian Development Bank, Commonwealth Secretariat, INTERPOL and the Egmont Group of Financial Intelligence Units.

The APG conducts mutual evaluation to all member countries to determine the compliance level of countries as per 40 FATF Recommendations. During the evaluation time, APG assess its effectiveness level of the member countries and mutual evaluation report is discussed and finalized during the APG annual meeting.


The Bhutan became the 41st APG member in 2011.Since Bhutan being member of APG; the Bhutan is attending APG Typologies workshop and APG Annual Meeting which greatly benefits the Bhutan in understanding the nature and emerging trends of Money Laundering and Terrorist Financing and helps us in developing stringent strategies to curb the threat against ML and TF.

For further information visit http://www.apgml.org/