Asia/Pacific Group on Money Laundering

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Abbreviation	APG
Formation	1997
Type	Intergovernmental organisation
Purpose	Combat money laundering and terrorism financing
Location	Sydney, Australia (Secretariat)
Region served	Asia/Pacific
Membership	42 jurisdictions
Official language	English
Co-Chairs	Deputy Commissioner Ian McCartney and Associate Assistant Deputy Minister of Finance Julien Brazeau
Website	http://www.apgml.org

The Asia/Pacific Group on Money Laundering (APG) is a FATF style regional inter-governmental (international) body, the members of which are committed to effectively implementing the international standards against money laundering (Anti–money laundering or AML), the combating the financing of terrorism (CFT) and financing the proliferation of weapons of mass destruction. APG was founded in 1997 in Bangkok, Thailand, and currently consists of 42 member jurisdictions in the Asia-Pacific region and a number of observer jurisdictions and international/regional observer organisations.

The year 2022 marked the 25th anniversary of the formal establishment of APG. The annual meeting in July 2022 was convened in Kuala Lumpur, Malaysia.

Jurisdictions that join the APG, either as members or as observers, commit to effectively implement, in law and regulation, the 40 Recommendations of the Financial Action Task Force (FATF). These standards, originally issued in 1990, were substantially updated in 2001 and then again in 2012, and were supplemented by a complex assessment methodology in 2013 which forms the benchmark for mutual evaluations. Both of these documents are under review by the FATF to be completed by 2024 to take into account a number of issues both technical and effectiveness related as a result of the FATF's fourth round of evaluations that commenced in 2014. Their improved content will form the basis of a further round of country evaluations commencing after 2024.