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The Asia/Pacific Group on Money Laundering (APG) is a FATF style regional inter-governmental (international) body, the members of which are committed to effectively implementing the international standards against money laundering (Anti–money laundering or AML), the combating the financing of terrorism (CFT) and financing the proliferation of weapons of mass destruction.
History. Initially, the Group was known as the Asian Group. However, by the 1970s, Pacific island nations were gaining independence and joining the group. By the mid-2000s the number of Pacific island nations in the group had reached over one fifth of the membership, so they began to advocate for a change of name of the Group.
The most recent change to the regional grouping system was in 2011, when the Asia Group was renamed the Group of Asia and the Pacific Small Island Developing States, also Asia and the Pacific Group or Asia-Pacific Group, in order to recognise the growing role Pacific island nations play in the United Nations System. [10] [11]
The president of U.S.-funded Radio Free Asia said on Friday that its Hong Kong bureau has been closed because of safety concerns under a new national security law, deepening concerns about the ...
The Asia–Pacific ( APAC) [ 1] is the region of the world adjoining the western Pacific Ocean. The region's precise boundaries vary depending on context, but countries and territories in Australasia, East Asia, and Southeast Asia are often included. In a wider context, Central Asia, North Asia, the Pacific Islands, South Asia, West Asia ...
Asia-Pacific Economic Cooperation ( APEC / ˈeɪpɛk / AY-pek[ 1]) is an inter-governmental forum for 21 member economies in the Pacific Rim that promotes free trade throughout the Asia-Pacific region. [ 2] Following the success of ASEAN 's series of post-ministerial conferences launched in the mid-1980s, [ 3] APEC started in 1989, [ 4] in ...
In East Asia-Pacific, a seven-team round-robin group was played to decide the sole ticket to the Global Qualifier from the region. The East Asia-Pacific qualifier was held in Port Vila, Vanuatu on 1–8 September 2023. Vanuatu won every game to reach the Global Qualifier, becoming the first cricket team from the country to reach a Global Qualifier.
The origins of PAG come from Pacific Alliance Group, a multi-strategy hedge fund co-founded by Chris Gradel and Horst Geicke in 2002. It currently forms PAG's Credit & Markets business. Millennium Management was one of the initial investors of the firm and went on to invest $150 million for a 20% stake in the firm before Gadel bought it back in ...