ASIA/PACIFIC GROUP ON MONEY LAUNDERING

AML / KYC

APG Trains New Assessors to Assist with Mutual Evaluations

By Manesh Samtani | 15/07/2025

The APG has trained delegates from 19 jurisdictions to strengthen the quality and consistency of FATF mutual evaluations across the Asia-Pacific.

AML / KYC

Australian Sanctions Office Provides Guidance for High-Risk Sectors

By Nathan Lynch | 11/06/2025

The ASO released extensive guidance for those operating in high-risk sectors, including crypto, DeFi and remittance companies.

AML / KYC

APG Publishes Follow-up Report of Mongolia

By Editors | 07/04/2025

The report presents Mongolia’s progress to address technical compliance deficiencies and steps taken to enhance AML/CFT effectiveness.

AML / KYC

Sri Lanka Hires Former APG Official to Help Identify AML/CFT Gaps

By Nithya Subramanian | 19/03/2025

Former APG Executive Secretary Gordon Hook will help identify gaps, particularly in licensed banks, in preparation for Sri Lanka’s next mutual evaluation in 2026.

AML / KYC

Sri Lanka Appoints Task Force to Oversee AML/CFT Efforts

By Thisanka Siripala | 19/02/2025

The primary objective of the task force is to ensure compliance with the FATF’s 40 recommendations and demonstrate effective implementation across 11 key areas.

AML / KYC

APG Typologies Report Shines Light on Misuse of Legal Persons

By Thisanka Siripala | 28/11/2024

The APG’s 2024 typologies report says legal persons including shell companies have emerged as primary vehicles misused by criminals.

AML / KYC

Russia to Dirupt FATF Plenary in Singapore, Ukraine Warns

By Editors | 12/06/2024

Ukraine is reportedly warning that Russia will send officials to the FATF Plenary in an attempt to “contact, influence and pressure delegates”.

Big Picture

APG Report Calls for Stronger AML/CFT Response to Illegal Fishing

By Manesh Samtani | 30/11/2023

Governments have “low levels of understanding” on the ML/TF risks posed by illegal fishing, leading to poor AML/CFT responses.

AML / KYC

Myanmar Receives Rating Upgrade for FATF Recommendation 14

By Editors | 13/11/2023

Myanmar made “minimal progress” but was re-rated on Recommendation 14 for its revised regulations for remittance businesses.