NEW measures will be implemented to stop criminals financing weapons of mass destruction, corruption, politically exposed persons and tax evasion in the Asia Pacific region.
The recommendations to stop money laundering were revised in Brisbane this week at an Asia Pacific Group meeting on the topic.
More than 350 delegates also discussed compliance levels with the international standards across APG membership, including law enforcement, banking supervision and other criminal offences contained in the international standards.
APG deputy commissioner Andrew Colvin said the group had now renewed its mandate to stop the criminal practice for another eight years.
He said APG delegates had adopted forward-looking strategies, to meet challenges imposed by a new set of international standards, against money laundering and terrorist financing.
"We recognise the new standards adopted in February this year bring new challenges, but it is clear that all of our 41 member jurisdictions are well placed to meet those challenges and in doing so reduce serious crime in the Asia-Pacific region - the ultimate purpose of our organisation," he said.
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