ASIA/PACIFIC GROUP ON MONEY LAUNDERING

AML / KYC

FATF Re-Rates Thailand on Two Recommendations

By Editors | 10/11/2023

Re-ratings were due to legal requirements for FIs and DNFBPs to conduct risk-based CDD and AMLO guidance on risk-based supervision.

AML / KYC

APG Releases Mutual Evaluation Report for Nepal

By Manesh Samtani | 12/09/2023

Nepal’s AML/CFT regime has undergone significant reform since its 2011 mutual evaluation, however further legislative amendments are needed.

AML / KYC

UAE Becomes First Arab Country to Join APG as Observer

By Mark Johnston | 13/07/2023

A delegation from the UAE participated as an observer in the APG forum in Vancouver earlier this month. Other observers include the UK, France, and Germany.

AML / KYC

APG Issues 2022 Annual Typologies Report

By Manesh Samtani | 18/08/2022

The report calls for a shift towards characterising Illegal fishing as a predicate crime type for money laundering, to trigger a more effective AML/CFT response.

AML / KYC

APG Releases 2021 Typologies Report, Case Studies

By Editors | 26/08/2021

The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.

AML / KYC

APG Publishes 2nd Follow-up Report on Pakistan

By Editors | 04/06/2021

Pakistan had requested a re-rating on 23 FATF Recommendations: 21 were upgraded, one was not re-rated, and one was downgraded.

AML / KYC

FATF Concludes Second Plenary Under German Presidency

By Manesh Samtani | 26/02/2021

The FATF has finalised guidance on risk-based supervision, terrorist financing, and arms trafficking, as well as draft guidance on proliferation financing, and virtual assets.

AML / KYC

Covid-19 Presents Opportunity to Disrupt Criminals: APG

By Editors | 20/09/2020

In its latest typologies report, the APG says Covid-19 may provide a unique opportunity for law enforcement and FIUs to detect and disrupt certain money laundering operations.

AML / KYC

Philippine Lawmakers File Bill Criminalising Cash Smuggling

By Editors | 11/03/2020

In the Philippines’ October 2019 mutual evaluation report, the APG noted low confiscation cases and detection levels in relation to bulk movements of currency across borders.