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Anti-money laundering assistance

The Anti-Money Laundering Assistance Team partners with countries in the Asia-Pacific region to strengthen laws and processes on anti-money laundering, counter financing of terrorism and proceeds of crime in line with international standards.

We help countries to 'follow the money' as a means to combat organised crime—stopping the flow of money is a vital crime-fighting tool.

This work includes:

  • strengthening anti-money laundering, asset recovery and financing of terrorism laws, and assisting countries with implementation
  • helping law enforcement agencies to target and confiscate the assets of criminal organisations
  • providing comments on existing legislation and draft laws with partner countries
  • building policy capability through assistance with policy development
  • hosting and participating in visits for officials
  • participating in a range of workshops, meetings and conferences with individual countries and regional groups aimed at strengthening their capacity to combat crime.

We also work with partner countries to ensure compliance with the forty recommendations of the Financial Action Task Force (FATF) and other international standards on money laundering and counter financing of terrorism.

Countries' failure to meet these international standards can lead to negative commercial consequences, including reductions in investment levels, as well as counter-measures and sanctions against the country.

The FATF develops standards to help countries:

  • combat money laundering, terrorist financing and other related threats to the integrity of the international financial system
  • increase the transparency of the financial system (making it easier to detect criminal activity)
  • take action against money laundering and terrorist financing by strengthening their laws and practices.

Australia is also a member of the Asia/Pacific Group on Money Laundering, a related body to FATF which works with and monitors countries' compliance with the forty recommendations.