07 December, 2012
The Government of Korea hosted a 3-day APG workshop in Seoul for North Asia members of the APG on the revised FATF standards. The workshop was attended by 45 delegates from seven APG members:
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China;
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Hong Kong, China;
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Korea;
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Japan;
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Macau, China;
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Mongolia; and
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Chinese Taipei.
The principle changes to the FATF standards and the new assessment methodology, together with the policy reasons underpinning those changes, were discussed in detail with delegates. Breakout sessions and focus groups assisted delegates to work through issues and identify problems within their own existing AML/CFT system as against the new FATF standards and assessment criteria. Workshop facilitators from Korea; Macau, China; and the APG Secretariat assisted participants with individual fact scenarios and hypothetical issues.
The government of Australia provided sponsorship funding to attend this workshop for select delegates from Mongolia.
This workshop is part of an APG programme which started earlier this year to inform APG members through sub-regional workshops of the critical changes to the FATF standards in preparation for the next round of mutual evaluations which will commence in late 2013/early 2014.
On behalf of the APG Co-Chairs, the APG Secretariat thanks the government of Korea for hosting this important workshop and the government of Australia (AusAid) for sponsoring the attendance of Mongolian delegates.
Photo: Delegates from the APG workshop in Seoul, Korea. Click on photo for larger view.