A preparatory conference is underway this week to ready Taiwan for the third round of mutual evaluations by the Asia/Pacific Group on Money Laundering (APG) coming up in November, the Executive Yuan's Anti-Money Laundering Office said Wednesday.
At the conference, running from Tuesday to Friday in Taipei, some 300 officials from the Anti-Money Laundering Office and 57 government agencies are being interviewed by an international panel of evaluators. To make a positive impression on the panel, the agencies have been in preparations for more than a year and laying the groundwork for November's onsite evaluation.
Taiwan is wholly committed to passing the evaluations, the office said. The government has mobilized vast amounts of manpower from the public and private sectors, convening over 10,000 people for more than 100 meetings on legislation changes, law enforcement and regulatory supervision, all with the aim of ensuring Taiwan's best performance in the evaluations. The nation will restore its reputation for financial transparency by building a sustainable environment in which money flows are a transparent process and the financial sector can develop in a stable and steady manner.