Asia/Pacific Group On Money Laundering
The Asia/Pacific Group on Money Laundering (also known as the APG or APGML) is the FATF-style regional body for the Asia/Pacific region. It is an autonomous international organisation founded in 1997 in Bangkok, Thailand. The APG consists of 41 member jurisdictions and a number of observer jurisdictions and international and regional observer organisations. Membership in the APG is not open to individual persons. It is available only for jurisdictions with a presence in the Asia/Pacific region. Membership does not however imply or suggest sovereignty in status.
The APG has two Co-Chairs - one permanent and one two-year term rotating Co-Chair. The permanent Co-Chair is Australia (held by Deputy Commissioner Andrew Colvin, the Deputy Commissioner Operations (Australian Federal Police) and the current rotating Co-Chair is China (held by Mr Liu Zhengming, Deputy Director-General of the Anti-Money Laundering Bureau of the People's Bank of China). The past rotating Co-Chair is Dr Rajan Katoch of India (from 2010 to 2012).
The APG Secretariat is located Sydney, Australia. The Executive Secretary is Dr Gordon Hook, a lawyer who has practiced private and public law in both Canada and New Zealand.
Jurisdictions that join the APG commit to implement the international standards to combat money laundering and the financing of terrorism, in particular the Forty Recommendations on Money Laundering, Terrorist Financing and Proliferation Financing of the Financial Action Task Force (FATF). These standards are referred to as the international standards for Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT).
Read more about Asia/Pacific Group On Money Laundering: Role, APG Members, APG Observers, FATF-style Regional Bodies
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