Asia Pacific Group on Money Laundering

APGML finds that Samoa has made progress in addressing the technical compliance deficiencies identified in its Mutual Evaluation and Follow-up Reports

by AdrianaAMLP | Jan 21, 2025

Samoa has made advancements since its 2015 Mutual Evaluation Report (MER), including amendments to legislation and issuing guidance for financial institutions. Moderate to major shortcomings remain in areas such as ongoing due diligence, enforcement of BO...

APGML acknowledges the steps Myanmar has taken to enhance its AML/CFT regulatory and supervisory framework

by AdrianaAMLP | Jan 15, 2025

Myanmar has been re-rated on Recommendation 26 from Partially Compliant to Largely Compliant. Action recognises that comprehensive measures were introduced in 2024 to ensure individuals in significant roles in the microfinance, insurance, and securities sectors meet...

APGML 2023/24 annual business report highlights regional AML/CFT progress, mutual evaluations, and typologies on emerging financial crime trends

by AdrianaAMLP | Jan 9, 2025

This report highlights the achievements of the APG over the reporting period against the goals and strategies contained in the Strategic Plan 2020-2024…

FATF assesses Nauru’s AML/CFT framework, highlights low ML/TF risks but calls for improved risk understanding and enforcement

by AdrianaAMLP | Dec 17, 2024

Report accepts that Nauru has a low risk for ML/TF, but identifies opportunities to improve Targeted Financial Sanctions implementation and cross-border currency controls, and to update the 2023 National Risk Assessment.

FATF identifies need for Papua New Guinea to strengthen resourcing of AML/CFT institutions, improve beneficial ownership data collection and enhance cross-border cooperation

by AdrianaAMLP | Dec 17, 2024

Other areas flagged in the latest follow-up report on Papua New Guinea include the use of financial intelligences, out-of-date ML/TF risk assessments and risk-based supervision of high-risk FIs and DNFBPs.

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APGML finds that Samoa has made progress in addressing the technical compliance deficiencies identified in its Mutual Evaluation and Follow-up Reports

APGML acknowledges the steps Myanmar has taken to enhance its AML/CFT regulatory and supervisory framework

APGML 2023/24 annual business report highlights regional AML/CFT progress, mutual evaluations, and typologies on emerging financial crime trends

FATF assesses Nauru’s AML/CFT framework, highlights low ML/TF risks but calls for improved risk understanding and enforcement

FATF identifies need for Papua New Guinea to strengthen resourcing of AML/CFT institutions, improve beneficial ownership data collection and enhance cross-border cooperation

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