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What is the role of APG members and APG observers?
APG members are jurisdictions within the Asia-Pacific region. Together, all members of the APG are the decision-making authority on all issues of strategic and operational significance.
APG observers can be either jurisdictions or international/regional organisations. To become an observer jurisdiction, the candidate government must make some commitments top the APG as an organisation including full commitment to implement the FATF standards without exception, even though at the time of joining as an observer no implementation of those standards may have started. APG observer organisations are those organisations that have an interest or role in AML/CFT within the Asia-Pacific region. Neither category of observer in the APG has a say in the management or decisions of the organisation but it is recognised that their participation is nevertheless important to the overall objectives of the organisation.
Can Individual Persons Join the APG as Members?
No. The APG is not a club or private organisation. It is an inter-governmental organisation. Membership is open only to jurisdictions within the region through unequivocal commitment expressed at the Ministerial level of APG members’ governments.
Who are the members of the APG?
Membership of the APG is open to any jurisdiction within the Asia/Pacific region which is 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).
There are 41 jurisdictional members of the APG:
- Bhutan, Kingdom of
- Brunei Darussalam
- China, People's Republic of
- Cook Islands
- Hong Kong, China
- Korea, Republic of Korea (South Korea)
- Lao People's Democratic Republic
- Macao, China
- Marshall Islands, Republic of
- New Zealand
- Papua New Guinea
- Solomon Islands
- Sri Lanka
- Chinese Taipei
- Timor Leste
- United States of America
What are the membership requirements?
Membership of the APG is open to any jurisdiction within the Asia/Pacific region which:
- Recognises the need for action to be taken to combat money laundering and the financing of terrorism and proliferation;
- Recognises the benefits to be obtained by sharing knowledge and experience;
- Has taken or is actively taking steps to develop, pass and implement combating money laundering and the financing of terrorism and proliferation legislation and other measures based on accepted international standards;
- Subject to its domestic laws, commits itself to implementing the decisions made by the APG;
- Commits itself to participation in the mutual evaluation programme;
- Contributes to the APG budget in accordance with arrangements agreed by the APG.
Can any organisation join the APG?
Any international organisation with an interest in effectively combating money laundering is encouraged to participate in meetings of the APG as an observer.
(i) jurisdictions which are considering membership of the APG and which are prepared to meet the first three requirements for membership of the APG;
(ii) organisations which actively support or otherwise are interested in the objectives of the APG;
(iii) any other jurisdiction or organisation invited by the Co-Chairs and to which no APG member objects.
The participation (and the nature of such participation) of non-member jurisdictions and international organisations will be determined by the APG on a case-by-case basis.
Is the APG part of the FATF or the UN or some other international body?
No. The APG is an independent organisation or, more accurately, a task force. It has its own terms of reference and is funded autonomously by its members. However, the APG does have close relationships with certain organisations. For instance, the APG is closely aligned with the FATF. Ten members of the APG are also members of the FATF and the APG and the FATF participate in each others’ business activities and meetings. The FATF is an observer in the APG, while the APG is an associate member of the FATF. The APG works closely with other FATF-style bodies, such as the Eurasian Group on Money Laundering which is based in the Russian Federation.
Other international organisations that closely participate with and support the objectives of the APG include the International Monetary Fund, the World Bank, United Nations Office on Drugs and Crime, United Nations Counter Terrorism Executive Directorate, Asian Development Bank and the Egmont Group of Financial Intelligence Units.
How does the APG work with other international organisations?
The APG recognises that there are significant benefits for members from contact with non-member jurisdictions and related international organisations including the exchange of information of mutual benefit. On this basis, the APG permits recognized Observers to participate in some APG business activities.
The participation (and the nature of such participation) of non-members is determined by the APG on a case-by-case basis. At the moment there are 28 Observer organisations.