On 22 and 23 January 2013 an APG delegation visited Vanuatu and met the following persons in the capital city, Port Vila:
The APG delegation consisted of:
The delegation discussed a variety of issues relating to APG membership issues including the pace of Vanuatu’s AML/CFT reforms. In particular, discussions addressed the structure of the money laundering and terrorist financing offences in Vanuatu; the Financial Transactions Reporting Bill; the Payment Systems Bill, the International Companies Amendment Act, the Company and Trust Services Providers Act and recent amendments to the laws relating to mutual legal assistance and extradition. In addition, there were lengthy discussions on the rules and procedures of the FATF’s International Cooperation Review Group and their application to members of the APG. Further discussions focused on the provision of technical assistance and training in relation to the new FATF standards adopted in February 2012.
Further discussions focused on the provision of technical assistance and training in relation to the new FATF standards adopted in February 2012.
The Prime Minister, Sato Kilman, expressed his strong commitment that Vanuatu will implement further changes to the AML/CFT system in his country as soon as possible.
Photo: Prime Minister Sato Kilman of Vanuatu (centre), Bob Williams (right) and Gordon Hook (left). Click on photo for larger view.