February 23, 2013
Asia/Pacific Group on Money Laundering : 16th APG Annual Meeting will be convened in Shanghai, China during the week of 15 - 19 July 2013
16th APG Annual Meeting will be convened in Shanghai, China during the week of 15 - 19 July 2013
See comprehensive fraud warning below in relation to use of the name "APG" and variants.
The Asia/Pacific Group on Money Laundering (APG) is an international organisation (regionally focused) consisting of 41 members and a number of international and regional observers including the United Nations, IMF, FATF, Asian Development Bank, ASEAN Secretariat, Pacific Islands Forum Secretariat and World Bank (see Members and Observers links for the list).
The APG is closely affiliated with the Financial Action Task Force (FATF), whose Secretariat is located in the OECD headquarters in Paris, France. All APG members commit to effectively implement the FATF's international standards for anti-money laundering, combating the financing of terrorism and the financing of proliferation, referred to as the 40 Recommendations. The 40 Recommendations were revised and adopted by the FATF membership after world-wide consultation (including the private sector) in February 2012. Part of this commitment includes implementing targeted financial sanctions against terrorism and the financing of the proliferation of weapons of mass destruction (WMD). Targeted financial sanctions under the FATF 40 Recommendations cross reference the United Nations standards and the asset freeze provisions and related lists pursuant to the following UNSCRs: UNSCR 1989 Al Qaida Sanctions List, UNSCR 1988 Sanctions List (the Taliban), UNSCR 1737 (Iran) Financial Sanctions List, UNSCR 1718 (DPRK) Financial Sanctions List.
The APG has a number of primary functions as follows:
Assess APG members' compliance with the global AML/CFT standards through mutual evaluations;
Coordinate technical assistance and training with donor agencies and APG members/observers to improve compliance with the AML/CFT standards;
Co-operate with the international AML/CFT network;
Conduct research into money laundering and terrorist financing methods, trends, risks and vulnerabilities;
Contribute to the global AML/CFT policy development by active Associate Membership of FATF.
Information on the APG, its roles, functions and work plan, is available throughout this web site, or from the APG Secretariat at:
110 Goulburn Street
Sydney, New South Wales 2000
Locked Bag A3000
New South Wales 1232
Telephone: +612 9277 0600
Fax: +612 9277 0606
Beware of attempted frauds using the APG's name and requesting fees for 'certificates' or other fraudulent services
Various types of scam emails or letters purporting to be from or associated with the APG and, in some cases, the names or titles of APG Secretariat staff, have been circulating requesting fees for the transfer of money. Criminals who fraudulently claim to be from the APG commonly approach victims with tales of moneys being owed to them by way of a lottery win or an inheritance which will be payable by international transfers of funds. To gain access to these funds, victims are asked by criminals (who fraudulently claim to be from the APG) to pay fees for fictitious services relating to verification of the origin of the funds. The criminals claim that the funds will be blocked if the customer fails to pay the fees. The APG (and any other similar international body) does not provide any such services nor does it request fees or have the power to block any account or issue any 'certificates' for anti-money laundering or terrorist financing compliance. In addition, the APG is not a law enforcement agency and does not maintain any regional office or employees outside its Secretariat in Sydney.
Any approach using the APG's name in relation to payment of fees or release of funds is fraudulent and should be reported to law enforcement authorities in the recipient's home jurisdiction.
Posted by Naxal Watch at 8:12 PM