The Asia/Pacific Group on Money Laundering has published an update on the Maldives’ mutual evaluation, confirming that the onsite visit took place in Malé from 12 to 23 January 2025. The visit is a key stage in the peer review, which applies the Financial Action Task Force methodology to assess both the Maldives’ technical compliance with global standards on money laundering, terrorism financing and proliferation financing, and the effectiveness of its anti-money laundering and counter-terrorism financing measures. During the visit, the assessment team met Maldives officials and private sector representatives to examine the scope of the country’s AML/CFT framework and how it operates in practice. The team comprised assessors from the United States, Hong Kong, China, Nepal, China, India and the United Kingdom, with support from the APG Secretariat. The Maldives’ mutual evaluation report will next be considered and adopted at the APG Annual Meeting in 2025.
Asia/Pacific Group on Money Laundering (APG)2025-02-26
Asia/Pacific Group on Money Laundering completes Maldives mutual evaluation onsite visit, report to go to 2025 annual meeting
The Asia/Pacific Group on Money Laundering said the Maldives’ mutual evaluation onsite visit was held in Malé from 12 to 23 January 2025. The review assesses technical compliance with FATF standards and the effectiveness of the country’s AML/CFT measures in practice. The report will be considered and adopted at the APG Annual Meeting in 2025.