Asia / Pacific Group on Money Laundering
The Asia/Pacific Group on Money Laundering Asia/Pacific Group on Money Laundering (APG) is an autonomous and collaborative international organization founded in 1997 in Bangkok, Thailand consisting of 41 members and a number of international and regional observers. APG turned out to be an Associate Member of the FATF in 2006.
The purpose of the APG is to ensure the adoption, implementation and enforcement of internationally accepted anti-money laundering and counter-terrorist financing standards as set out in the FATF Recommendations.
The effort includes assisting countries and territories of the region in enacting laws to deal with the proceeds of crime, mutual legal assistance, confiscation, forfeiture and extradition; providing guidance in setting up systems for reporting and investigating suspicious transactions and helping in the establishment of financial intelligence units. The APG also enables regional factors to be taken into account in the implementation of anti-money laundering measures.
Afghanistan became a member of the APG in April 2006, committed to the effective implementation and enforcement of internationally accepted standards against money laundering and the financing of terrorism, in particular the Forty Recommendations of the Financial Action Task Force on Money Laundering (FATF).
Afghanistan is being assisted by APG to establish national coordination mechanisms to better utilize resources to combat and develop its anti-money laundering and combating the financing of terrorist system.
For more details, please visit the APG website at: www.apgml.org