Taiwan’s anti-money laundering efforts pay dividends

  • Date: 2019-07-04
  • Source: Department of Information Services, Executive Yuan

At Thursday’s Cabinet meeting, Premier Su Tseng-chang touted Taiwan’s success in the third round of mutual evaluations by the Asia/Pacific Group on Money Laundering (APG). He thanked the Executive Yuan’s Anti-Money Laundering Office and other responsible government agencies for their hard work and preparations, which resulted in Taiwan’s placement in the best possible review category.

The premier made the remarks after a briefing by the Anti-Money Laundering Office on the outcomes of the APG evaluation that took place in late 2018.

In the APG’s official report of the evaluation published late June, Taiwan was placed on the “regular follow-up” tier, an improvement from the previous “enhanced follow-up” tier. Taiwan will attend an APG annual meeting this August in Australia where the group’s members will approve the results of the review. The office reiterated that it will continue with final preparations and strategies to show all APG members Taiwan’s commitment to complying with anti-money laundering and counter-financing of terrorism standards.