The Asia/Pacific Group on Money Laundering is an inter-governmental organisation focused on ensuring that its members effectively implement the international standards against money laundering, terrorist financing and proliferation financing of weapons of mass destruction.
The APG has grown considerably since 1997 and is part of a global network of similar bodies, referred to as Financial Action Task Force-Style Regional Bodies (FSRBs) and is the largest in terms of membership numbers (41 member jurisdictions) and geographical size. The APG also has 32 observers (both jurisdictions and supporting organisations) that participate in its programmes and activities.
Bangladesh became a founder member of APG in 1997. The APG has a number of roles as stated in its strategic plan for Bangladesh including:
Bangladesh has been participating in the different programs of APG since its inception. Bangladesh has been nominated as co-chair of APG for the period of 2018-2020 for it’s stance and commitment against money laundering and terrorist financing. As per approval of the Bangladesh government Head of BFIU is performing the duties of Co-Chair of the APG. (Read more….)