ID :
11871
Tue, 07/08/2008 - 14:46
Auther :
Shortlink :
http://m.oananews.org//node/11871
The shortlink copeid
APG MEETING OPENED IN BALI
Denpasar, July 8 (ANTARA) - Coordinating Minister for Political, Legal and Security Affairs Widodo AS opened the 11th Annual Meeting and the 7th Annual Technical Assistance and Training Forum of the Asia/Pacific Group (APG) on Money Laundering in Nusa Dua resort, Bali, on Tuesday.
In his address at the opening of the meeting which is to last until July 11, Widodo stressed the importance of the APG forum to government's efforts to clamp down on money laundering activities.
"Money laundering is a multidimensional crime which cannot be overcome by a single country but by all APG members through hard work," the security minister said.
Widodo also said efforts to prevent money laundering and terrorist financing should not only be made at national level but at regional level as well.
"Our challange is the increasing rate of worldwide crime as a result of globalization ," Widodo said, adding that Indonesia was committed to waging war against money laundering and terrorist financing.
The APG will this year accept two new member countries, namely Timor Leste and Vietnam.
At its meeting this time, the APG would evaluate the implementation of international standards against money laundering and terrorist financing which were issued by the Financial Action Task Force (FATF).
FATF is an inter-governmental body whose purpose is to develop and promote national and international policies to combat money laundering and terrorist financing.
The APG meeting in Bali is participated in by more than 260 top financial intelligence officials from Asia Pacific countries.
APG is an autonomous and collaborative international organization founded in 1997 in Bangkok, Thailand, consisting of 36 member jurisdictions and a number of international and regional observers.
Some of the international organizations that participate in and support APG's efforts in the region include FATF, International Monetary Fund, the World Bank, the United Nations Office on Drugs and Crime, the Asian Development Bank, the Egmont Group of Financial Intelligence Units, APEC and others.
APG member jurisdictions and observers are committed to the effective implementation and enforcement of internationally accepted standards against money laundering and the financing of terrorism, in particular the Forty Recommendations and Nine Special Recommendations on Terrorist Financing of the Financial Action Task Force on Money Laundering (FATF).
In his address at the opening of the meeting which is to last until July 11, Widodo stressed the importance of the APG forum to government's efforts to clamp down on money laundering activities.
"Money laundering is a multidimensional crime which cannot be overcome by a single country but by all APG members through hard work," the security minister said.
Widodo also said efforts to prevent money laundering and terrorist financing should not only be made at national level but at regional level as well.
"Our challange is the increasing rate of worldwide crime as a result of globalization ," Widodo said, adding that Indonesia was committed to waging war against money laundering and terrorist financing.
The APG will this year accept two new member countries, namely Timor Leste and Vietnam.
At its meeting this time, the APG would evaluate the implementation of international standards against money laundering and terrorist financing which were issued by the Financial Action Task Force (FATF).
FATF is an inter-governmental body whose purpose is to develop and promote national and international policies to combat money laundering and terrorist financing.
The APG meeting in Bali is participated in by more than 260 top financial intelligence officials from Asia Pacific countries.
APG is an autonomous and collaborative international organization founded in 1997 in Bangkok, Thailand, consisting of 36 member jurisdictions and a number of international and regional observers.
Some of the international organizations that participate in and support APG's efforts in the region include FATF, International Monetary Fund, the World Bank, the United Nations Office on Drugs and Crime, the Asian Development Bank, the Egmont Group of Financial Intelligence Units, APEC and others.
APG member jurisdictions and observers are committed to the effective implementation and enforcement of internationally accepted standards against money laundering and the financing of terrorism, in particular the Forty Recommendations and Nine Special Recommendations on Terrorist Financing of the Financial Action Task Force on Money Laundering (FATF).
