The government will ask for Samoa to be removed from a list of countries known for money laundering and weak anti-terror laws.
The request will be made by next week during the Asia Pacific Group meeting in China.
The occasion was the celebration of the Culture.
<!-- 336x280 (bottom-article) -->
<ins class="adsbygoogle"
style="display:inline-block;width:336px;height:280px"
data-ad-client="ca-pub-2469982834957525"
data-ad-slot="1033882026"></ins>
<script>
(adsbygoogle = window.adsbygoogle || []).push({});
</script>{/googleAds}
There, a recent report suggesting Samoa’s status be changed from the “enhanced follow up” category to the “regular follow up” category will be discussed.
The group says Samoa has made positive progress in strengthening its security measures and the recent passing of the Counter Terrorism Act 2014.
Samoa’s delegation to the meeting will be led by the Central Bank Governor, Maiava Atalina Enari.
According to a statement from Cabinet, the meeting is important for Samoa.
They hope to achieve the following:
• The Asia Pacific Group (APG) Plenary will discuss and approve a recent report by the APG to remove Samoa from the ‘enhanced follow up’ category to a ‘regular follow up’ category due mainly to the positive progress achieved by Samoa so far in strengthening its anti money laundering system.
Also, the recent approval and enactment of the Counter Terrorism Act 2014 by Parliament has reflected positively on Samoa’s commitment to comply with anti-money laundering and counter terrorism standards, as promulgated by the Financial Action Task Force;
• To discuss with the APG Assessment Team, Samoa’s preparation for its Mutual Evaluation by the APG, as scheduled to take place in November 2014;
• As Co-Heads of the Pacific Offshore Centre Project, SIFA (Samoa International Finance Authority) will meet with representatives of the Cook Islands Government. The meeting is to discuss priority areas and focus on developing a typology report of the key risks of offshore centres in the Pacific, and the need to strengthen and develop appropriate strategies to mitigate the risks of abuse by criminals through the offence of money laundering and terrorist financing activities.
<!-- ads-articles(24.03.14) -->
<ins class="adsbygoogle"
style="display:inline-block;width:336px;height:280px"
data-ad-client="ca-pub-9419815128221199"
data-ad-slot="2395638412"></ins>
<script>
(adsbygoogle = window.adsbygoogle || []).push({});
</script>{/googleAds}