On July 11, Kazakhstan received the status of an observer in the Asia/Pacific Group on Money Laundering (APG) at the organization's annual meeting in Vancouver, QazMonitor reports citing the financial monitoring agency.
On July 9-14, the Kazakh delegation led by the first deputy chair of the financial monitoring agency Gabit Sadyrbekov arrived in Canada to participate in the meeting.
Kazakhstan has already taken steps to address these issues, as it is already a full member of the Eurasian Group on Combating Money Laundering and Financing of Terrorism. Becoming an observer of the APG will allow our country to participate in the organization's events, enabling authorized bodies to exchange information on money laundering, the financing of terrorism, and related case studies with other member states. This status also provides an opportunity for domestic expert appraisers to participate in mutual evaluations of the countries in the APG.
The Asia/Pacific Group on Money Laundering is a regional intergovernmental organization aimed at discussing and implementing measures to combat regional money laundering and associated illicit activities. Currently, the APG comprises 41 countries.