Widodo opens APG meeting on money laundering in Bali

"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 ...