THE
14th Annual Meeting of the Asia-Pacific Group (APG) on Money Laundering and
Annual Technical Assistance Forum admitted the Kingdom of
Bhutan as the 41st member. Delegates
adopted six mutual evaluation reports – Afghanistan, Lao PDR, Marshall Islands,
Maldives, Nepal, and Papua New Guinea; and examined the mutual evaluation
progress reports of 30 members. Delegates also considered the review of the
Financial Action Task Force (FATF) international AML/CFT standards, tangible
responses to financial inclusion challenges, corruption and money laundering,
and the UN Counter-Terrorism Executive Directorate's and the APG's typologies
work on non-profit organizations.
In
the concluding ceremony today, APG Co-Chair K Jose Cyriac said that India was
pleased to host the 14th Annual Meeting as over 320 participants from diverse
legal, institutional and cultural backgrounds have united during the week to
strengthen regional and global efforts against money laundering and terrorism
financing.
Thanking India for hosting the 2011 APG Annual Meeting, APG
Co-Chair, Australian Police Commissioner Mr.Tony Negus said that the APG Annual
Meeting, as always, was a very important event for international cooperation
within the Asia/Pacific region. He said that this was the first time an APG
Annual Meeting had been held in South-Asia since the formation of the body in
Bangkok in 1997 and this follows the successful APG Annual Typologies Workshop
held in Bangladesh in 2010. South Asia is a very important partner, in the
united efforts to deter money laundering and terrorism financing both regionally
and globally, he added.
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