AML/CFT: ASIA-PACIFIC GROUP ANNUAL REPORT

On 21 October, FATF-style regional body APG published its latest annual report which summarises the achievements of the APG against the Strategic Plan 2016-2020 over the last financial year.  It provides a background summary of the APG as an organisation and alsocontains a summary of the major outcomes for the financial year.  There is also a summary statement of major APG activities planned for the coming financial year.  The APG has APG has 41 member jurisdictions the Asia/Pacific region.  Despite Covid-19, APG completed 5 mutual evaluations – South Korea, Japan, New Zealand, Tonga and Vietnam.  Mutual evaluations commenced in 2019-2020 for Brunei Darussalam, Lao PDR and the Republic of Marshall Islands to be adopted in July 2021 and the timing of on-site visits for these evaluations are yet to be determined.  It also says that APG members adopted the 2020 Annual Typologies Report which contains a synopsis of the typologies projects undertaken in 2019-20, recent trends on money laundering and terrorist financing, and a number of case studies.

http://www.apgml.org/about-us/page.aspx?p=759348de-bb49-42de-b1a3-75d8129adf4e

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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