The Asia/Pacific Group on Money Laundering has published its 2024-25 annual report, reviewing activity from 1 July 2024 to 30 June 2025 and focusing on support for members to strengthen anti-money laundering, counter-terrorism financing and counter-proliferation financing frameworks and prepare for the Financial Action Task Force’s Global 5th Round of mutual evaluations. The report highlights expanded evaluation capacity through four assessor training workshops that trained 134 experts, a virtual refresher for 39 assessors and a regional preparation workshop for 10 members. It also covers high-level support visits to Vietnam, Sri Lanka and Fiji, and regional work on cyber-enabled fraud and scams, virtual assets and other technology-related financial crime risks. On governance and financial oversight, the report highlights decisions taken at the 2025 annual meeting in Tokyo, including adoption of the mutual evaluation reports for Niue and the Maldives, which concluded APG’s 3rd Round, approval of amended 5th Round evaluation schedules and procedures, and agreement on longer-term resourcing to support the more intensive next round. Members also appointed Brunei Darussalam as rotating co-chair for 2026-28, dissolved the Operations Committee with decision-making on typologies, implementation and technical assistance moving to the Governance Committee, and approved a FY 2025-26 core budget with AUD 5,532,807 of income, AUD 6,332,807 of expenses and an AUD 800,000 operating deficit to be funded from accumulated equity.

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