29 November, 2012
The APG has received voluntary funding from Australia, Canada, Singapore, and the United States of America, to support APG members in meeting AML/CFT implementation challenges.
Australia will provide AUD153,985 over two years through its international aid agency, AusAID. The funding is to assist Mongolia in strengthening transparency in its public sector institutions through further AML implementation, combating corruption, promoting financial inclusion, and contributing to broader development goals, by delivering better services and to enhance justice.
Canada will provide CAD359,718 (approximately AUD345,977) over two years through the Department of Foreign Affairs and International Trade. The funding will be used to support APG members to attend APG events, and for the APG to engage at a high level on post mutual evaluation planning, implementation and evaluation follow up.
Singapore, via the Monetary Authority of Singapore, has committed to providing SGD50,000 (approximately AUD39,072). The funding is to support the APG in delivering a workshop for South East Asia members in Singapore, and to assist members in developing effective interagency and intergovernmental engagement in implementing the new international standards.
The United States will provide two amounts of funding. The first, from the Bureau of International Narcotics and Law Enforcement Affairs, is an amount of USD4,676 (approximately AUD4,465) and augment existing APG programmes and support the APG Secretariat. The second amount, USD24,292 (approximately AUD23,198), will be provided by the Department of State to support a specified APG member.
This generous funding will significantly enhance the APG’s regional efforts to assist members in complying with their international AML/CFT obligations.
Photo: Strategic Implementation Planning Workshop in Timor Leste held in November 2012, funded by Canada. Click on photo for larger view.