Taiwan: Peer review shows lowest risk of money laundering

In its 30 June edition, the Taipei Times reported that, following an assessment by members of the Asia/Pacific Group on Money Laundering (APG), the group has promoted Taiwan from “enhanced follow-up” to “regular follow-up,” indicating the lowest risk of money laundering, the group said in a report.  Taiwan made it onto the “regular follow-up” list after achieving “substantial” marks on 7 of 11 factors used to measure a nation’s effectiveness in fighting money laundering. A final report on the third-round peer review is to be presented for membership approval at the APG annual meeting in Canberra on August.  Taiwan was placed on the “regular follow-up” list in 2007 and was demoted to the “enhanced follow-up” list by the APG in 2011, before being placed on the “transitional follow-up list” in 2014. It was removed from the transitional list in July 2017, pending the results of the current evaluation.


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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