March 26 2018
The Asian Development Bank (ADB) is ramping up its efforts to help countries in the Asia-Pacific combat money laundering and terrorism financing, according to ADB’s Office of Anticorruption and Integrity (OAI) 2017 Annual Report released on Monday.
ADB’s support in anti-money laundering and countering the financing of terrorism (AML/CFT) include a 2-million-U.S. dollar technical assistance grant approved in December 2016, as well as steps to improve the countries’ overall compliance to anti-money laundering policies through closer coordination between relevant parties, such as banks and financial institutions, and governments.
